5 bed terraced house for sale

Pennsylvania Road, Torquay TQ1

Summary
A substantial five bedroom, mid-terraced HMO investment property arranged over four floors, offering an attractive income-producing asset with further potential for growth.

Description
Investment Opportunity - 5 Bedroom HMO with Studio Flat

Connells are delighted to bring to market this substantial mid-terraced HMO investment property arranged over four floors, offering an attractive income-producing asset with further potential for growth.

The accommodation comprises four generously sized double letting rooms together with a self-contained ground floor studio flat, creating a versatile investment opportunity.

The property benefits from spacious communal living accommodation, a rear garden, and far-reaching views from the upper floors, enhancing its appeal to tenants.

Currently producing a strong 12.25% gross yield, the property presents an excellent opportunity for investors seeking immediate returns, whilst still offering scope to increase income and add value through further optimisation and improvement.

Conveniently located within easy reach of local amenities, transport links and employment hubs, this well-proportioned property is ideally positioned to attract consistent tenant demand.

Front Of The Property

Ground Floor

Entrance Porch

Entrance Hallway

Cloakroom
Obscure double glazed window, WC, wash hand basin, plumbing for washing machine.

Lounge/Kitchen/Diner 27' 4" x 11' 11" ( 8.33m x 3.63m )
Lounge - Double glazed window to the front of the property and a wall mounted radiator.

Kitchen - Double glazed window to the rear of the property, wall and base units, electric hob with extractor over, oven, one bowl inset sink, plumbing for washing machine, plumbing for dishwasher, space for fridge/freezer,

Basement

Self Contained Bedroom Five 15' 11" x 12' ( 4.85m x 3.66m )
Double glazed patio doors to the rear. Wall and base units, one bowl stainless steel sink/drainer, integrated fridge/freezer, door to the ensuite and a wall mounted radiator.

Ensuite
Obscure double glazed window, shower, WC, wash hand basin and a wall mounted heated towel rail.

Lower Ground Floor

Bedroom Four 13' 6" x 10' ( 4.11m x 3.05m )
Double glazed window to the rear of the property and a wall mounted radiator.

Bedroom Three 12' 9" x 9' 2" ( 3.89m x 2.79m )
Double glazed window to the front of the property and a wall mounted radiator.

Bathroom
Obscure double glazed window, bath, shower, WC, wash hand basin and a wall mounted heated towel rail.

First Floor

Bedroom Two 12' 8" x 10' ( 3.86m x 3.05m )
Double glazed window to the rear of the property and a wall mounted radiator.

Bedroom One 14' 4" x 9' 2" ( 4.37m x 2.79m )
Double glazed window to the front of the property and a wall mounted radiator.

Bathroom
Obscure double glazed window, bath with shower over, WC, wash hand basin and a wall mounted heated towel rail.

Rear Of The Property
The garden is gently tiered with a paved patio area.

Agents Note
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.