Initial price	£975,000
06/11/25	£945,000
Price Change	-3.08%

This 20-unit HMO property is situated on Morgan Avenue in Torquay, just a short walk from the town center, seafront, and local amenities. The property is arranged over four floors in two semi-detached buildings and is fully licensed for 30 occupants. The accommodation includes 12 studio units, 4 one-bedroom units, and 4 self-contained flats, each with its own kitchen facilities. The property has been established as a HMO for many years and has been upgraded with new gas central heating, fuse boards, and flat roofs. The current owner has also installed a solar panel system, generating an additional £2,100 per annum. The property has a gross rental income of £121,020 per annum, offering immediate income potential and significant scope for capital appreciation through further improvements. The property is freehold, subject to the residential ASTs, and the landlord pays for the gas, water, and electricity, with electricity being charged back to the tenants through sub-meters.