4-bedroom flat · TQ12 2JP
Listing removedListed 71 daysAuction 4 Sep · ended
Opportunity summary
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About
For sale by traditional auction with bids invited by 4th September 2026 at 12.00 noon. For viewings, please call to book into one of the scheduled block appointments.
A two storey, mid terraced Grade 2 Listed period property comprising three flats all being let on an assured periodic tenancy basis with total rents received per annum of £24,000.
The property, which is located in a town centre position, will of course appeal to letting landlords on the lookout for a strong yielding investment.
Others may consider the formal break up and sale of the individual flats following vacant possession subject to all necessary consent being obtainable.
An attractive multi unit residential investment comprising three separately let units, currently producing a combined rental income of £24,000 per annum.
The property benefits from a 999 year lease commencing in 2022 and is offered subject to the existing assured periodic tenancies.
The accommodation comprises a mix of one and two bedroom units, providing a diversified rental profile and broad appeal within the local rental market.
The existing tenancies provide an established income stream for the incoming investor, with potential for future rental growth subject to market conditions, tenancy arrangements and any necessary consents.
Accommodation 55A: A self contained one bedroom unit comprising a kitchen/living room, bedroom and bathroom/WC.
55B: A self contained two bedroom unit comprising an entrance hallway, kitchen/living/dining room, two bedrooms and bathroom/WC.
53A: A self contained one bedroom unit comprising a kitchen/living/dining room, bedroom and shower room/WC.
Tenancy information 55A: Let on an assured periodic tenancy at a current rent of £7,200 per annum. 55B: Let on an assured periodic tenancy at a current rent of £9,000 per annum.
53A: Let on an assured periodic tenancy at a current rent of £7,800 per annum.
The three units currently produce a combined rental income of £24,000 per annum, providing the incoming investor with an established rental income stream from completion, subject to the existing tenancy arrangements.
Tenure Leasehold with a 999 year lease commencing in 2022, subject to the existing tenancies.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 53a, 55a, 55b, East Street, Newton Abbot
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