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    345a Torquay Road
    Paignton, Devon, TQ3 2EP
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    Palace Avenue, Paignton, TQ3

    Guide Price £415,000Leasehold

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    Mortgage

    Estimated Monthly Mortgage Payment:
    £1,920 /mo.25 Years, 3.75% Interest
    Loan
    £373,500
    Total Repay
    £576,084

    Stamp Duty

    You’ll have to pay the stamp duty of:
    £10,750
    0% up to £125,000
    2% from £125,000 to £250,000
    5% from £250,000 to £415,000
    Your effective stamp duty rate is 2.59%

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    Palace Avenue, Paignton, TQ3

    Guide Price £415,000

    Terraced house
    9 Bedrooms3 Bathrooms

    Key Information

    Tenure:Leasehold
    Service charge:Not available
    Ground rent:Not available
    Time remaining on lease:962 years
    Council tax band:D
    Broadband:up to 1800Mbps
    Mobile signal:*Based on indoor data coverage
    EEO2ThreeVodafone

    Key Features

    Investment property
    HMO Property
    9 Lettings Rooms
    Washing Room/Utility Room
    963 Year Lease
    Commercial Property

    Description

    Fantastic investment opportunity: Impressive terraced house in Paignton's Palace Avenue with 9 bedsits, 3 baths, and high rental income potential. Ideal for investors seeking lucrative ventures in sought-after location near amenities and seafront. Explore this rare find now!

    Nestled in the heart of Paignton on the desirable Palace Avenue, this impressive terraced house presents a remarkable investment opportunity. Boasting nine well-appointed bedsits, this property is designed to accommodate multiple tenants, making it an ideal choice for those seeking a high-income venture.

    The house features three bathrooms, ensuring ample facilities for residents, and is thoughtfully arranged into nine self-contained bedsits. This layout not only maximises the living space but also provides privacy and comfort for each tenant. The convenient location means that local amenities, transport links, and the beautiful Paignton seafront are all within easy reach, enhancing the appeal for potential renters.

    This property stands out as a fantastic investment opportunity, particularly for those looking to enter the rental market or expand their existing portfolio. With the potential for a high income, it is a rare find in a sought-after area. Whether you are an experienced investor or new to the property market, this terraced house on Palace Avenue is certainly worth considering. Don't miss the chance to explore the possibilities that this property has to offer.

    Rear Garden / Entrance
    The property is accessed via front door through the rear courtyard area.

    Utilities
    The property is connected to mains gas, electric, water and sewage. Each of the letting rooms are fitted with electric sub-meters.

    Heating
    The property benefits from a gas boiler which provides hot water and heating throughout.

    Tenure
    The property is Leasehold with 999 years remaining and starting on the 15th July 1988

    Asking Price
    An asking price of £435,000

    Legal Costs
    Each party with be responsible for their own legal costs unless agreed otherwise.

    Viewing
    Viewing is highly recommended and can be arranged by prior appointment with Winfields Commercial Department.

    Money Laundering Regulations Act 2017
    In line with The Money Laundering Regulations 2017, Winfields Commercial are obligated to verify ID for all clients that are conducting property transactions through the Company.

    Paignton Branch

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