This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£165,000
3 bedroom End Terrace House for sale, Orchard Road, Hele, Devon, TQ2
Features and Description
- Licensed HMO investment opportunity
- Three double bedrooms plus reception
- Modern, low-maintenance kitchen and shower room
- Walking distance to Torbay Hospital
- Chain free, ready-to-let property
- Good local shops and amenities nearby
- Strong rental demand from healthcare workers
- Excellent public transport and rail links
- End of terrace position
- Established residential area in Torquay
This three-bedroom end of terrace house is offered for sale as a House in Multiple Occupation (HMO) in Hele, Torquay, presenting a straightforward option for investors seeking a property in good condition close to Torbay Hospital.
The layout currently provides three double bedrooms, all well proportioned for shared accommodation. In addition, there is a reception room with large windows, which is currently arranged as a fourth bedroom, increasing the letting potential and flexibility of the property. The modern shower room with WC includes a heated towel rail, providing a practical and low-maintenance washroom setup suitable for multiple occupants.
The kitchen benefits from natural light and a modern finish, offering sufficient workspace and storage for shared use. Its arrangement is well suited to a HMO-style layout, supporting multiple residents while remaining manageable from a maintenance perspective.
Rental yield: 16.48% - (Before deducting bills inc.)
The last 2 trading years have given a just over 10% net profit (after the bills) - 10+% net return.
The house is located within convenient reach of Torbay Hospital, making it particularly attractive for letting to healthcare workers or other local employees. Hele and the wider Torquay area provide a range of local amenities, including shops, supermarkets and everyday services, all accessible within a short distance.
Public transport links are readily available, with bus services operating through Hele into Torquay town centre and the seafront. Torquay railway station, a short drive or bus journey away, offers services towards Exeter, Plymouth and beyond, with connections to London via Exeter St Davids; journey times to Exeter are typically around 45–60 minutes.
The area benefits from nearby schools, making the location practical for a range of tenant profiles. Torquay town centre provides additional facilities, cafés and leisure options, including access to the harbourside and seafront, all reachable by public transport or car.
Offered chain free, this end of terrace HMO house represents a great investment opportunity for those looking to purchase a ready-to-go rental property in an established residential area close to Torbay Hospital and key local amenities.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Orchard Road, Hele, Devon, TQ2
Additional Information
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Property refTRQ260022
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EPCD
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TenureFreehold
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Council TaxA
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Local authorityTorbay Council
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