Okehampton, EX20 1BA
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Okehampton, EX20 1BA

End-terrace House 6 Bedroom
Price £250,000

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, Okehampton EX20 1BA

 
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Key Features
  • Fully Licensed HMO
  • Close to local amenities
  • Great investment property
  • Fully tenanted
  • Prime location
  • Six current bedrooms
  • Three kitchen spaces
  • Three communal bathrooms
  • EPC - D
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Property Description

Additional Information

A fully licensed HMO (House of Multiple Occupancy) located within the heart of Okehampton town. Currently the property is set up with six individual letting rooms, however subject to obtaining the necessary consents, there could be the potential to split the property into three self-contained units.

This is currently a fantastic investment opportunity and is ideal for perspective investors that are looking for an instant return as all of the rooms are currently let. The owner is currently achieving £1,865.33 pcm after bills and is looking to achieve £2,086.67 pcm from next month, after the rents have been increased.

On the ground floor there are two large rooms to the front, one currently being utilised as a living room and the other a double bedroom. There is also a kitchen and bathroom on this floor and another bedroom up a small flight of stairs.

The first floor offers another three double bedrooms, kitchen and shower room. From the first floor landing there is another flight of stairs leading to another floor that is currently utilises as a self contained unit with a bedroom/lounge, kitchen and a bathroom.

The property in general is in good working order, however could do with some modernisation which in turn could achieve higher rents for any individual looking to do this.


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