Property photos
Freehold
£625,000
Property for sale
Hele Road, Torquay TQ2EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- Torquay Academy 0.3 miles
- St Cuthbert Mayne School 0.3 miles
- Torre 0.8 miles
- Torquay 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- High Return Freehold Residential Investment
- Comprising Four Houses in Multiple Occupancy (HMO's)
- Gross Income £102,780 (When Fully Let)
- Gross Initial Yield of 16.44%
- Currently Managed with High Occupancy
Refurbished throughout in 2018, these properties are presented to a modern HMO standard. Each HMO has a shared kitchen, and each flat has a private bathroom. The flats are metered for electric usage.
The property presents an attractive opportunity for those looking for a high return residential investment. Currently managed and let at high to full occupancy.
68 Hele Road - 3 Bed HMO
Combined rents of £1,675 pcm (when fully let).
68A Hele Road - 5 Bed HMO
Combined rents of £2,685 pcm (when fully let).
70 Hele Road - 3 Bed HMO
Combined rents of £2,685 pcm (when fully let).
70A Hele Road - 5 Bed HMO
Combined rents of £2,570 pcm (when fully let).
Tenure
The property is available Freehold, subject to the ASTs of the residential tenants.
Rent Schedule
A full rent schedule with breakdown of each units rents and occupancy can be requested from the Agents, Bettesworths.
EPC Ratings
68 hele road - E.
68A hele road - D.
70 hele road - E.
70A hele road - D.
Council Tax Bands
68 hele road - A.
68A hele road - A.
70 hele road - A.
70A hele road - A.
HMO Licensing
We are informed that the property is defined as an HMO for licensing purposes but not currently licensed.
Interested parties are advised to make their own enquiries as to licensing requirements with Torbay Council Housing Standards Team.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
The property presents an attractive opportunity for those looking for a high return residential investment. Currently managed and let at high to full occupancy.
68 Hele Road - 3 Bed HMO
Combined rents of £1,675 pcm (when fully let).
68A Hele Road - 5 Bed HMO
Combined rents of £2,685 pcm (when fully let).
70 Hele Road - 3 Bed HMO
Combined rents of £2,685 pcm (when fully let).
70A Hele Road - 5 Bed HMO
Combined rents of £2,570 pcm (when fully let).
Tenure
The property is available Freehold, subject to the ASTs of the residential tenants.
Rent Schedule
A full rent schedule with breakdown of each units rents and occupancy can be requested from the Agents, Bettesworths.
EPC Ratings
68 hele road - E.
68A hele road - D.
70 hele road - E.
70A hele road - D.
Council Tax Bands
68 hele road - A.
68A hele road - A.
70 hele road - A.
70A hele road - A.
HMO Licensing
We are informed that the property is defined as an HMO for licensing purposes but not currently licensed.
Interested parties are advised to make their own enquiries as to licensing requirements with Torbay Council Housing Standards Team.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (2)
Tours
No virtual tour available
More information
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Listed by
Bettesworths
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Property descriptions and related information displayed on this page are marketing materials provided by - Bettesworths. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bettesworths for full details and further information.