This property is no longer on the market
4 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
Unlock the potential of this fantastic investment property! Welcome to a unique opportunity to own a freehold property that has been intelligently split into two 1-bedroom flats. Ideal for investors seeking a steady rental income, those looking to expand their property portfolio or potential to easily convert back to a 4 bed family home with potential to add parking at the rear.
Key Features:
Prime Location: Situated near the heart of Paignton, this property enjoys close proximity to local amenities, transport links, and the beautiful South Devon coastline. A prime location for attracting tenants and ensuring high occupancy rates.
Dual Income Potential: Benefit from the dual income streams generated by renting out two separate 1-bedroom flats. Whether you choose to rent to long-term tenants or explore the lucrative short-term rental market, the options are diverse.
Investment Flexibility: This property offers a range of investment possibilities, from traditional long-term rentals to exploring the lucrative holiday let market. Adapt your strategy to maximize returns based on market demand.
Low Maintenance: With recent renovations and modern finishes, these flats require minimal ongoing maintenance. Invest with confidence, knowing that your property is set to attract tenants seeking contemporary living spaces.
Strong Rental Demand: Paignton's thriving rental market ensures a consistent demand for well-maintained and conveniently located properties. Capitalize on the current trend of increasing property values in the area.
Both flats are currently rented and archiving a rental income of £550 (Top Flat and £525 (Bottom flat).
The bottom flat is currently registered as a freehold and the top flat is leasehold (999 years from 19.02.2003). The owner is selling the whole building.
Both flats have a council tax rating of A.
Act fast to secure this exceptional investment opportunity! Contact us today to arrange a viewing and discuss the potential returns and benefits of this freehold property.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference HAO1000079. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Harmony Property Sales & Lettings - Torquay.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 27, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 27, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 22, 2012 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.