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0 bed Not Specified property

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Listed Jul 8, 2025

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£150,000

Available

Mouseprice is the only UK property site with a Value Guide. We have compared the asking price to our own Mouseprice valuation to help you make an informed decision when buying or renting your next property.

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The Mouseprice Value Guide tells you how the asking price of a property compares to the market price of other properties with similar attributes including property type, location and floor area. Note that some aspects of a property are not considered by the Value Guide such as the condition and home improvements so it is important you do your own research.

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Description

"Investment Opportunity of Two Self Contained Flats. Generating a gross Rental Income of £13,675 PA.

Hele Road is a well established residential area in Torquay, providing easy access to local amenities, schools and transport links. The area is served by a variety of shops and supermarkets, with convenient access to The Willows and nearby retail parks. Excellent transport links via the A3022 connect to Newton Abbot, Exeter and beyond, while Torbay Hospital is within walking distance.The property is a well established investment, arranged as two self contained flats. The ground floor flat is arranged as a 1 bedroom, whilst the first floor flat is arranged as a 2 bedroom. The property benefits from a garden at the rear which both tenants currently share and maintain together. Both flats are let to established tenants of over 5 years, on 12 month ASTs, with both tenants keen to stay on into the future. Both flats are kept clean and tidy by the tenants and the landlord has maintained the fabric of the property. Currently generating a gross rental income of £13,675 per annum, this is an excellent opportunity to acquire a well maintained and high return residential investment."