This property has been taken off the market.
13 Bed Flat For Sale Elmsleigh Road, Paignton, TQ4
£660,000- Flat
Auction Property
1 of 12
- Description
- Street View
- Maps
We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 14th May 2024
Description
FOR SALE BY PUBLIC AUCTION - Thursday 6th June 2024\r
\r
An established and well maintained residential investment comprising 11 flats in a substantial detached property, centrally located in Paignton. The property is fully occupied, producing an annual rental income of £78,468. Potential to increase rents in line with current market rates. There is forecourt parking to the front of the property and a large car park to the rear. Potential for extension of the existing building to create more flats or further development of the site, subject to planning.\r
\r
Current Monthly Rental Income:\r
Flat 1a -£595.00 Flat 1b - £650.00 Flat 2 - £650.00 Flat 3 - £541.00 Flat 4 - £650.00 Flat 5 - £563.00 Flat 6 - £498.00 Flat 7 - £725.00 Flat 8 - £563.00 Flat 9a - £541.00 Flat 9b - 563.00\r
\r
\r
Potential rent £87,300 per annum\r
Freehold\r
The properties are individually rated for council tax bands, A (1 bed) or B (2 bed).\r
EPC ratings are C and D.\r
\r
For more information, legal documents and a guide to the auction process visit our website and download the online auction catalogue.\r
\r
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a reserve (unless otherwise stated). The reserve is a figure below which the auctioneer cannot sell the property during the auction. The reserve will be within the guide range or no more than 10% above a single figure guide.
\r
An established and well maintained residential investment comprising 11 flats in a substantial detached property, centrally located in Paignton. The property is fully occupied, producing an annual rental income of £78,468. Potential to increase rents in line with current market rates. There is forecourt parking to the front of the property and a large car park to the rear. Potential for extension of the existing building to create more flats or further development of the site, subject to planning.\r
\r
Current Monthly Rental Income:\r
Flat 1a -£595.00 Flat 1b - £650.00 Flat 2 - £650.00 Flat 3 - £541.00 Flat 4 - £650.00 Flat 5 - £563.00 Flat 6 - £498.00 Flat 7 - £725.00 Flat 8 - £563.00 Flat 9a - £541.00 Flat 9b - 563.00\r
\r
\r
Potential rent £87,300 per annum\r
Freehold\r
The properties are individually rated for council tax bands, A (1 bed) or B (2 bed).\r
EPC ratings are C and D.\r
\r
For more information, legal documents and a guide to the auction process visit our website and download the online auction catalogue.\r
\r
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a reserve (unless otherwise stated). The reserve is a figure below which the auctioneer cannot sell the property during the auction. The reserve will be within the guide range or no more than 10% above a single figure guide.
Agent Details
Network Auctions Limited
85 Great Portland Street, First Floor, London, W1W 7LT
Investment Analysis
Annual Rent:
Annual Mortgage Interest:
Annual Costs:
Calculators
Mortgage Finder
Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required
Similar Properties
A few properties that are similar to this 13 bedroom property. See more properties like this.
£660,000
Paignton, TQ4
Block Of Apartments
1.7
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.