End terrace house for sale in Trenance Road, Newquay TR7

£285,000
9 2 2
Interested in this property? Call +44 1637 413946 * or Request Details

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Property features

  • House of Multiple Occupancy
  • Fully licensed for 10 people
  • Potential return of £40,000+ per year
  • Large kitchen all appliances included
  • Parking for 2/3 cars
  • Ideally located to attract tenants
  • Potential for conversion
  • Approx 14% yield on investment
  • No ongoing chain
  • All Mains Services

Property description

Investment opportunity! Nine room, ten person licensed hmo with extremely healthy monthly return, representing A gross annual yield of approximately 14%.

This substantial three storey investment property has a hmo license for up to ten people and as such has a potential to return over £3,000 per calendar month in rent. Representing a healthy 14%+ yield return on investment. During the vendors time as owner he has replaced the roof, upgraded the boiler and continually maintained the property in accordance with his hmo license. The property has uPVC double glazing and has gas fired central heating. There are nine bedrooms over three floors, seven of which are lettable within the hmo license. On the ground floor there are two bedrooms, a residence lounge and there is a large 23ft kitchen which includes all white goods, many of which there are two of. This provides access to a rear courtyard and at the back there is off street parking for two/three cars. The remainder of the bedrooms are over the first and second floor and this also includes two separate WC suites and two separate shower rooms. All providing enough living, cooking and washing facilities to comply with the hmo license. We have been advised that a rental return in the region of £40,000 per annum is achievable, this is one of the healthiest returns you are likely to see for this style of property and therefore a fantastic investment opportunity. Prior to being a hmo the property was once a B&B and also a family home, as such it could be converted to a number of different uses depending on what buyers choose. No ongoing chain, viewing recommended.

All Measurements Are Approximate

Entrance Hall

Bedroom One (14' 1'' x 10' 11'' (4.29m x 3.32m) max into box bay window.)

Bedroom Two (12' 5'' x 8' 5'' (3.78m x 2.56m) maximum)

Living Room (13' 5'' x 7' 8'' (4.09m x 2.34m))

Kitchen (23' 10'' x 8' 10'' (7.26m x 2.69m))

First Floor

Separate WC One

Separate WC Two

Bedroom Three (10' 8'' x 8' 7'' (3.25m x 2.61m))

Bedroom Four (9' 0'' x 7' 5'' (2.74m x 2.26m) (Not included in hmo license))

Shower Room One (8' 10'' x 3' 4'' (2.69m x 1.02m))

Shower Room Two (5' 0'' x 3' 3'' (1.52m x 0.99m))

Bedroom Five (14' 9'' x 9' 2'' (4.49m x 2.79m))

Bedroom Six (8' 6'' x 5' 6'' (2.59m x 1.68m)(Not included in hmo licence))

Second Floor

Bedroom Seven (10' 4'' x 5' 7'' (3.15m x 1.70m))

Bedroom Eight (10' 4'' x 8' 4'' (3.15m x 2.54m))

Bedroom Nine (10' 10'' x 8' 4'' (3.30m x 2.54m))

Property info

Floorplan(s): Floorplan 1

View original

Nearby transport

  • Newquay (0.2 miles)
  • Quintrell Downs (2.2 miles)
  • St Columb Road (6.1 miles)
  • Exeter International Airport (76.5 miles)
  • Cardiff Airport (101.8 miles)
  • Bristol Airport (122.9 miles)
  • Padstow Ferry Landing (11.0 miles)
  • Rock Padstow Ferry Landing (11.4 miles)
  • Tolverne Ferry Landing (13.4 miles)

Nearby schools

View all schools in Cornwall
  • Trenance Learning Academy (0.1 miles)
  • Newquay Junior Academy (0.3 miles)
  • The Bishops CofE Primary School (0.5 miles)
  • Callywith College (16.2 miles)
  • EF Academy Torbay (68.3 miles)
  • Exeter Mathematics School (71.4 miles)
  • Newquay Tretherras (1.0 mile)
  • Treviglas Community College (1.4 miles)
  • Polwhele House School (9.0 miles)
Note: Distance is shown as a straight line measurement

Local info for Cornwall

About the neighbours in TR7

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For more information about this property, please contact
Newquay Property Centre, TR7 on +44 1637 413946 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Newquay Property Centre, and do not constitute property particulars. Please contact Newquay Property Centre for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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