Initial price	£375,000
21/01/25	£350,000
21/02/25	£325,000
Price Change	-13.33%

This spacious five-bedroom property in Newton Abbot offers an excellent investment opportunity as an unlicensed House in Multiple Occupation (HMO). Located close to the town center, the property boasts easy access to amenities, transport links, and services, making it a highly desirable rental option. Currently accommodating four tenants, the property generates a projected rental income of £36,048 per annum, representing an appealing 9.6% gross yield. The property features five generously sized bedrooms, a well-appointed kitchen, a downstairs WC, and a family bathroom, as well as a manageable garden that can be converted into a carport. With its strong rental potential, excellent location, and scope for further enhancement, this property presents a fantastic opportunity for savvy investors.