Bettesworths says ..

Property Oracle says ..

Torre Cottage, located on Upton Road in Tormohun, Torquay, is an eleven-bedroom property currently operating as a licensed HMO. The property is a Grade II listed building dating back to circa 1835-1845. The images reveal a property that is in need of some modernisation and refurbishment. The rooms are sparsely furnished. Whilst some rooms, such as the bedrooms, appear relatively clean and well-maintained (if basic), other areas, notably some of the bathrooms and the external space, need improvement. The exterior showcases a somewhat aged appearance, requiring potential repairs and maintenance. The small yard at the rear of the property requires landscaping and could do with some modernisation. The property’s location in Torquay is advantageous, considering its proximity to the town centre, Torre Railway Station, and good local schools. While the listing mentions the property’s potential, its current condition necessitates investment. The asking price of £375,000 appears high given the current condition, the need for improvements and the lack of information about the rental income generated by the property. A comprehensive survey and valuation considering the HMO market in Torquay would be essential before determining if it offers good value for money. Further investigation is needed to fully assess the financial viability of this property as an investment. The absence of plot size information limits a precise evaluation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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