8 bedroom terraced house

Sale by Modern Auction (T&Cs apply) + Subject to an undisclosed Reserve Price + Buyers fees apply + Great Investment opportunity + Town location + 8 bedrooms + Potential for HMO + Original planning permission for 3 one bed flats and 1 Two bed flat + SUMMARY Wow! What an Amazing Investment Opportunity! Close proximity to Paignton’s amenities, and an outstanding rental yield, this property is an investor’s dream. Whether you’re expanding your portfolio or entering the property market, this home offers tremendous value and steady returns. DESCRIPTION Wow! What an Amazing Investment Opportunity! Had Planning permission for 3 One bed flats and 1 Two bed flat. Located near the vibrant heart of Paignton Town, this spacious property is a dream investment. With tenants already in place, this home promises immediate rental income and an impressive yield for savvy buyers. Spanning a remarkable 2,793 square feet, the property offers 8 bedrooms and a layout designed for comfort and practicality. As you step into the property, you’re greeted by a welcoming lounge, a dining room, a kitchen with a store, a separate utility room, and a bar area, perfect for entertaining or relaxation. The space flows seamlessly, providing functionality for tenants. On the first floor, you’ll find 5 generously sized bedrooms complemented by 3 bathrooms, ensuring plenty of privacy and convenience. Moving to the second floor, there are 3 additional bedrooms, each paired with its own bathroom. This thoughtful layout enhances the property’s appeal, making it ideal for large groups or multi-tenancy arrangements. With its prime location, close proximity to Paignton’s amenities, and an outstanding rental yield, this property is an investor’s dream. Whether you’re expanding your portfolio or entering the property market, this home offers tremendous value and steady returns. Viewings are highly recommended-don’t miss out on this incredible opportunity to secure a property with unmatched potential! Auctioneer’s Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of Ł6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than Ł349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change. Front Of The Property Hallway Stairs to the first floor landing Lounge 15′ 7″ x 13′ 6″ ( 4.75m x 4.11m ) Dining Room 16′ 4″ x 11′ 9″ ( 4.98m x 3.58m ) Bar 9′ 5″ x 9′ 1″ ( 2.87m x 2.77m ) Utility Room 12′ 10″ x 12′ 4″ ( 3.91m x 3.76m ) Kitchen 12′ 10″ x 12′ 4″ ( 3.91m x 3.76m ) Owners Lounge First Floor Landing Bedroom 3 12′ 8″ x 12′ 3″ ( 3.86m x 3.73m ) En Suite For bedroom 3 Bathroom Seperate Wc Shower Room Bedroom 4 15′ 8″ x 13′ ( 4.78m x 3.96m ) Bedroom 5 15′ 4″ x 7′ 8″ ( 4.67m x 2.34m ) Bedroom 8 11′ x 6′ 7″ ( 3.35m x 2.01m ) Bedroom 7 11′ x 7′ 2″ ( 3.35m x 2.18m ) Second Floor Landing Bedroom 2 15′ 3″ x 13′ 9″ ( 4.65m x 4.19m ) Bedroom 6 11′ 10″ x 8′ ( 3.61m x 2.44m ) Bedroom 1 15′ 9″ x 13′ 1″ ( 4.80m x 3.99m ) En-Suite En-Suite Seperate Wc Outside Courtyard garden, outside toilet and shed. 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.

Details

Bedrooms
8

Purchase Price £
180000

ROI %
29.00

Cashflow(PCM) £
1246