Freehold HMO for sale in Minehead

This property is marketed by:
Greenslade Taylor Hunt

Key Features

• paved rear garden and parking to the front.

• Gross income of £50,700 per annum with full occupancy.

• Freehold available. Guide price £450,000, reflecting a yield of 10.88%

• after deducting purchaser's costs.

Location :

The property is prominently located fronting Townsend Road, on the edge of Minehead’s town centre and many amenities including shops, restaurants and bars. Minehead, a seaside town known as the gateway to Exmoor National Park and within a short drive of the Quantock Hills, is a sizeable town, including a vibrant town centre and a number of schools. Many of the renowned attractions of West Somerset and Exmoor National Park are also within a short drive, as is the North Devon coastline. The county town of Taunton and its access to the M5 motorway is approximately 25 miles to the south east.

Description :

A sizeable, well-maintained semi detached former Victorian house of multiple occupation arranged over ground, first and second floors. The premises have recently been modernised throughout, providing 2 letting rooms, a spacious reception hall, a good sized modern kitchen with dining area, and a utility room with separate WC on the ground floor. At first floor level there are 4 further letting rooms, 3 of which have en-suite shower and WC facilities, and a separate communal shower room with WC. At second floor level there are 2 further bedrooms with ensuite showers, a separate WC and a store cupboard. Externally there is a good sized car parking area to the front suitable for approximately 5 vehicles and a paved courtyard to the rear providing additional amenity space for residents.