Opportunity to purchase a semi-detached house in Newton Abbot generating £8,640 rent pa & gross yield of 4.1%
£210,000
Semi-detached House
VES-TQ12-001
INITIAL INVESTMENT
£63,000
Based on
deposit: £52,500
stamp duty: £8,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£8,640
GROSS YIELD
4.1%
The property
TENANCY
Tenanted
TENURE
Freehold
3 bedrooms
1 bathroom
1 reception room
661
Unfurnished
Property information
- Split over 2 floors
- Bedrooms and family size bathroom located on the first floor
- Garden at the front and to the left of the property
- A new gas boiler was installed 18 months ago
- There are 2 designated parking spaces at the front of the property
- EPC rating C
- Monthly rental income £720
- Tenants wish to remain at the property
Location information
- The property is located in the Ogwell area of Newton Abbot
- Newton Abbot town centre is 1.5 miles by car from 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.
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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.
Luxton Road,
Ogwell,
Newton Abbot,
Devon,
England,
TQ12 6YQ
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