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Newport Terrace, Barnstaple £230,000

  • 5 Unit Licensed House of Multiple Occupation
  • 4 bedsit units and a 1 bed self contained flat
  • Rental Income of £21,840
  • Offering a 9.4% RTI
  • Fully Serviced Fire Alarm and Emergency Lighting System
  • All units currently occupied.


An excellent buy to let investment - a fully licensed House of Mutiple Occupation (HMO) with 4 bedsits and a 1 bedroom self contained flat with an annual rental income of £21'840. This property offers a buy to let vendor a fully occupied property with a 9.8% return on investment.

The property is split over 3 levels with all units sharing the communal hallways and stairs. The 4 bedsits also share the bathroom which is located on the first floor. All units have a card prepayment meter installed for their electric usage.

The units briefly consist of:

Flat 1 - £350 PCM including heating, water and council tax.
Bedsit Room with kitchenette. Ground floor front

Flat 2 - £420 PCM including heating and water.
Self contained 1 bed flat with courtyard and parking to the rear. Ground floor rear.

Flat 3 - £380 PCM including heating, water and council tax.
Bedsit room with separate kitchen. First floor front.

Flat 4 - £320 PCM including heating, water and council tax
Bedsit Room with kitchenette. First floor rear

Flat 5 - £350 PCM including heating, water and council tax
Bedsit Room with separate kitchen room. Second floor.

The property has a fully serviced fire alarm and emergency lighting system.




Newport Terrace
Barnstaple EX32 9BB
County: Devon
Sale Type: For Sale
Ref #: 00000596

Outer Porch

with light leading to Inner Vestbule

Inner Vestibue

with sunken matwell and half glazed door to Entrance Hall

Entrance hall

with radiator and under stairs cupboard.

Bedsit 1

16' 0'' x 14' 9'' (4.87m x 4.49m)

Kitchenette, radiator and electrical prepayment meter.

Flat (Bedsit 2)

Consiting of:-

Lounge / Diner / Kitchen

12' 0'' x 8' 6'' (3.65m x 2.59m)

Lounge area with radiator leading to a small but functional kitchen area. This leads to the shower room. Prepayment electric meter.

Shower Room

Fitted with a wash basin, shower cubicle and electric shower and heated towel rail.

Hall

Connecting lounge area to W.C and bedroom. The hall provides access to the rear courtyard and parking for this flat

W.C

With w.c and hand basin.

Bedroom

13' 6'' x 10' 6'' (4.11m x 3.20m)

With radiator and french doors to the hall area.

FIRST FLOOR LANDING

accessed from stairs from the entrance hall

Shared Bathroom

Bedsits 1,3,4 and 5 share this shower room. Room contains shower cubicle with electric shower, washbasin, toilet and gas combi boiler.

Bedsit 4

13' 0'' x 12' 6'' (3.96m x 3.81m)

with radiator and basic but functional kitchenette. Prepayment electric meter.

Bedsit 3

Bedsit 3 consists of:-

Entrance Hall

Leading to both bedsit and kitchen. Prepayment electricity meter.

Bedroom

11' 9'' x 11' 6'' (3.58m x 3.50m)

with radiator

Kitchen

9' 6'' x 6' 3'' (2.89m x 1.90m)

Fitted with base units and sink and drainer.

On Second Floor - Bedsit 5

Bedroom (Bedsit 5)

10' 3'' x 9' 0'' (3.12m x 2.74m)

Radiator and dormer window

Kitchen / lounge

9' 9'' x 8' 3'' (2.97m x 2.51m)

Kitchenette and radiator with dormer window

Outside

Fully rear walled courtyard (for use by Bedsit/Flat 2) and parking to the rear. The property also benefits from a good size back garden.

Services

All mains services connected. Council Tax Band - Self contained Flat A Council Tax Band - Rest of building - B 3 phase electrics Grade 2 listed

Measurements

All measurements are approximate. While we endeavour to make our particulars accurate and reliable, if there is any point which is of particular importance please contact us and we will be pleased to provide further information, particularly if you are travelling some distance to view.

Data Proctection

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Consumer Protection from Unfair Trading Regulations 2008

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.


Newport Terrace
Barnstaple EX32 9BB
County: Devon
Sale Type: For Sale
Ref #: 00000596

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Newport Terrace
Barnstaple EX32 9BB
County: Devon
Sale Type: For Sale
Ref #: 00000596
Name Location Type Distance
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