10 bed detached house

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10 bed detached house

Meadfoot Road, Torquay TQ1
£625,000

Price History

Initial price £675,000
13/02/25 £625,000
Price Change -7.41%

Description

This charming listed period property, located near Daddyhole Plain and Meadfoot Beach, offers a unique investment opportunity with eight fully tenanted apartments ranging from one to two bedrooms. While the property requires some TLC, the competitive pricing reflects this. The property features a mix of apartments, including a current owner's accommodation with a lounge/dining, kitchen, two bedrooms, and bathroom. There's also a washing room for occupiers' use. The current gross annual turnover is £53,000, but there's potential to increase this to £63,000 per annum if the owner's accommodation is let, or the property could be owner-occupied. This is a fantastic opportunity for investors or those looking for a unique property to renovate and make their own.