Key information

Tenure: Leasehold | 963 yrs left

Council tax: Band D

Features and description

Investment property
HMO Property
9 Lettings Rooms
Washing Room/Utility Room
963 Year Lease
Commercial Property

Nestled in the heart of Paignton on the desirable Palace Avenue, this impressive terraced house presents a remarkable investment opportunity. Boasting nine well-appointed bedsits, this property is designed to accommodate multiple tenants, making it an ideal choice for those seeking a high-income venture.

The house features three bathrooms, ensuring ample facilities for residents, and is thoughtfully arranged into nine self-contained bedsits. This layout not only maximises the living space but also provides privacy and comfort for each tenant. The convenient location means that local amenities, transport links, and the beautiful Paignton seafront are all within easy reach, enhancing the appeal for potential renters.

This property stands out as a fantastic investment opportunity, particularly for those looking to enter the rental market or expand their existing portfolio. With the potential for a high income, it is a rare find in a sought-after area. Whether you are an experienced investor or new to the property market, this terraced house on Palace Avenue is certainly worth considering. Don't miss the chance to explore the possibilities that this property has to offer.

Rooms

Rear Garden / Entrance
The property is accessed via front door through the rear courtyard area.

Utilities
The property is connected to mains gas, electric, water and sewage. Each of the letting rooms are fitted with electric sub-meters.

Heating
The property benefits from a gas boiler which provides hot water and heating throughout.

Tenure
The property is Leasehold with 999 years remaining and starting on the 15th July 1988

Asking Price
An asking price of £435,000

Legal Costs
Each party with be responsible for their own legal costs unless agreed otherwise.

Viewing
Viewing is highly recommended and can be arranged by prior appointment with Winfields Commercial Department.

Money Laundering Regulations Act 2017
In line with The Money Laundering Regulations 2017, Winfields Commercial are obligated to verify ID for all clients that are conducting property transactions through the Company.

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About this agent

Winfields Sales & Lettings - Torquay

345a Torquay Road Preston, Paignton TQ3 2EP

01803 268495

Full profile Property listings

Winfields is a family-run firm of Estate & Letting Agents and Chartered Surveyors based throughout in the South West. We provide specialist advice and personal service on all property matters with the aim of finding the most practical and cost-effective solution to your problem. Established in 1998, we have been successfully serving clients from both the private and commercial sectors throughout the South West for many years. As a multi-disciplinary practice, we feel that we differ from other agencies in the way that we work. We pride ourselves in our open and honest approach when offering advice to our clients. It goes without saying that client satisfaction is our primary driver and we will always endeavour to treat you with the utmost courtesy and respect. Our team of property agents and building surveyors have specialist knowledge in a number of industry-related areas, which means we can offer a wealth of experience and practical advice to our clients at all times.

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9 bedroom terraced house for sale

Key information

Features and description

Rooms

About this agent

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