Newton Abbot, TQ12 1YD | Investment Property for Sale | VES-TW12-002

Opportunity to purchase a semi-detached house in Newton Abbot generating £9,000 rent pa & gross yield of 4.1%

£220,000

Semi-detached House

VES-TW12-002

INITIAL INVESTMENT

£64,100

Based on

deposit: £55,000

stamp duty: £6,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£9,000

GROSS YIELD

4.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

670

Unfurnished

Property information

  • Spread over 2 floors
  • Kitchen leads out into the rear garden
  • Bedrooms and family size bathroom located on the first floor
  • Large paved rear garden
  • The kitchen was fully renovated in October/November 2020
  • EPC rating D
  • Monthly rental income £750
  • The tenants wish to remain at the property

Location information

  • Located in a quiet residential area in the Bradley ward of Newton Abbot
  • Newton Abbot town centre is around 2 miles east of the property
  • There are a number of bus stops within walking distance of the property

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Newton Abbot, Devon

Newton Abbot is a historic market town on the River Teign in Devon. It lies approximately 17 miles south of Exeter and 33 miles north-east of Plymouth.

The A380 runs just easterly of the town connecting it to Exeter in the north and Plymouth in the south towards Cornwall.

Newton Abbot railway station is located just at the fringes of the town centre which is operated by Great Western Railway and provides GWR and CrossCountry train services. Four train lines converge at Newton Abbot; the Exeter to Plymouth Line which runs from London Paddington to Penzance, the Riviera Line which runs between Exeter and Torbay, the Scotland to Plymouth CrossCountry service, and the Paignton to Birmingham New Street via Bristol Temple Meads service by CrossCountry.

There are plenty of attractions and things to do in Newton Abbot and the surrounding area, such as Stover Country Park and Nature Reserve, Decoy Country Park, Trago Mills Family Shopping & Leisure Park, Newton Abbot Town & GWR Museum, Bradley Manor, Newton Abbot Racecourse, Stover Trail, Orchard Organic Farm and the Devon Bird of Prey Centre. Dartmoor National Park also offers plenty of cycling and walking trails as well as picturesque villages.

As a market town there are plenty of options throughout the week to shop small and local. The Outdoor Market is held every Wednesday and Saturday, the Indoor Pannier Market is open Monday to Saturday and every Friday there is a Produce Market. The town centre is also home to a variety of high street shops as well as independent retailers.

Education is provided by a number of local primary schools as well as Coombeshead Academy, Newton Abbot College and South Devon UTC.

Burnley Road,

Newton Abbot,

Devon,

England,

TQ12 1YD

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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