Property photos
Just added
Freehold
£975,000
Property for sale
Morgan Avenue, Torquay TQ2Local area information
Property location
Nearby amenities
- EF Academy Torbay 0.2 miles
- Ellacombe Church of England Academy 0.4 miles
- Torre 0.6 miles
- Torquay 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Torquay to find out more about the local area.
Features and description
- Freehold
- 20 Unit Fully Licensed HMO – Arranged in Two Semi-Detached Buildings
- Gross Rental Income of £121,020 Per Annum
- Arranged as 12 Studios, 4 x 1 Bed Flats and 4 Self Contained Flats
- Spread Across Four Floors – Mix of Self Contained & Shared Facilities
- Each Unit Fitted with Electric Sub Meter with Landlord Solar Panels on Roof
20 Unit Fully Licensed HMO - Arranged as Two Semi-Detached Buildings. Gross Rental Income of £121,020 Per Annum.
Situated on Morgan Avenue, just a short walk from Torquay town centre, seafront, and local amenities. The property benefits from easy access to public transport links, with Torquay Train Station and main bus routes close by.
A substantial investment property comprising two adjoining buildings, each arranged over four floors. Fully licensed for 30 occupants (and currently occupied by 24), the accommodation includes 12 studio units, 4 x 1 bed units and 4 self-contained flats. All units have their own kitchen facilities, with the 12 studios and 4 x 1 bed units sharing WCs and showers on the ground and first floors.
The property is presented in good condition and has been established as a HMO for many years. The current owner has upgraded certain areas including the gas central heating, fuse boards and flat roofs, and has installed a solar panel system. The current configuration delivers an excellent return, with gross rental income of £121,020 per annum. The property offers immediate income potential alongside significant scope for capital appreciation through further improvements.
19 Morgan Avenue
Lower Ground Floor
Boiler Room & Landlord’s Storage.
Flat 20
Accessed via the rear of the property, with its own front door and courtyard garden.
Living Room (9' 7'' x 16' 5'' (2.92m x 5.00m))
Kitchen (11' 5'' x 13' 6'' (3.48m x 4.11m) (max))
Bedroom (11' 2'' x 15' 2'' (3.40m x 4.62m))
Bathroom
Ground Floor
Studios 11-14
With fitted kitchens.
WC/Shower Room
Laundry Room
First Floor
Studios 15-18
With fitted kitchens.
WC
Shower Room
Second Floor
Flat 19
Living Room (13' 7'' x 23' 7'' (4.14m x 7.19m))
Kitchen/Dining (13' 1'' x 11' 1'' (3.99m x 3.38m))
Bedroom (7' 8'' x 15' 3'' (2.34m x 4.65m))
Bathroom
21 Morgan Avenue
Lower Ground Floor
Flat 10
Living Room (12' 4'' x 16' 5'' (3.76m x 5.00m))
Kitchen (12' 2'' x 9' 0'' (3.72m x 2.75m) (max))
Bedroom (7' 3'' x 17' 5'' (2.20m x 5.31m))
Bathroom
Ground Floor
Studios 1-4
With fitted kitchens.
WC/Shower Room
Laundry Room
First Floor
Studios 5-8
With fitted kitchens.
WC & Shower Room
Second Floor
Flat 9
Living Room (13' 7'' x 12' 0'' (4.14m x 3.65m))
Kitchen/Dining Room (13' 1'' x 11' 1'' (3.99m x 3.38m))
Bedroom
Bedroom
Bathroom
Tenure
Freehold, subject to the residential ASTs.
Utilities
The landlord pays for the gas, water and electricity. Electricity gets charged back to the tenants through sub meters, which the landlord reads and charges the tenants accordingly for.
The landlord averages £2,100 per annum from the solar panels and £3,600 from the laundry coin meters.
Asking Price
£975,000.
EPC Ratings
19 Morgan Avenue – D.
Flat 19,19 Morgan Avenue – D.
Flat 20,19 Morgan Avenue – C.
21 Morgan Avenue – D.
Flat 9,21 Morgan Avenue – C.
Flat 10,21 Morgan Avenue – C.
Council Tax
19 Morgan Avenue – C.
Flat 19,19 Morgan Avenue – B.
Flat 20,19 Morgan Avenue – A.
21 Morgan Avenue – C.
Flat 9,21 Morgan Avenue – B.
Flat 10,21 Morgan Avenue – A.
The landlord pays the council tax rates for 19 and 21 Morgan Avenue, and the individual flat tenants pay their own council tax.
Legal Costs
Each party to bear their own legal costs.
Rent Schedule
Current Gross Rental Income: £121,020 Per Annum.
Flat Rent pcm
1 - £450.
2 - £450.
3 - £400.
4 - £475.
5 - £400.
6 - £450.
7 - £450.
8 - £550.
9 - £750.
10 - £740.
11 - £450.
12 - £450.
13 - £400.
14 - £475.
15 - £400.
16 - £450.
17 - £450.
18 - £535.
19 - £630.
20 - £730.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Situated on Morgan Avenue, just a short walk from Torquay town centre, seafront, and local amenities. The property benefits from easy access to public transport links, with Torquay Train Station and main bus routes close by.
A substantial investment property comprising two adjoining buildings, each arranged over four floors. Fully licensed for 30 occupants (and currently occupied by 24), the accommodation includes 12 studio units, 4 x 1 bed units and 4 self-contained flats. All units have their own kitchen facilities, with the 12 studios and 4 x 1 bed units sharing WCs and showers on the ground and first floors.
The property is presented in good condition and has been established as a HMO for many years. The current owner has upgraded certain areas including the gas central heating, fuse boards and flat roofs, and has installed a solar panel system. The current configuration delivers an excellent return, with gross rental income of £121,020 per annum. The property offers immediate income potential alongside significant scope for capital appreciation through further improvements.
19 Morgan Avenue
Lower Ground Floor
Boiler Room & Landlord’s Storage.
Flat 20
Accessed via the rear of the property, with its own front door and courtyard garden.
Living Room (9' 7'' x 16' 5'' (2.92m x 5.00m))
Kitchen (11' 5'' x 13' 6'' (3.48m x 4.11m) (max))
Bedroom (11' 2'' x 15' 2'' (3.40m x 4.62m))
Bathroom
Ground Floor
Studios 11-14
With fitted kitchens.
WC/Shower Room
Laundry Room
First Floor
Studios 15-18
With fitted kitchens.
WC
Shower Room
Second Floor
Flat 19
Living Room (13' 7'' x 23' 7'' (4.14m x 7.19m))
Kitchen/Dining (13' 1'' x 11' 1'' (3.99m x 3.38m))
Bedroom (7' 8'' x 15' 3'' (2.34m x 4.65m))
Bathroom
21 Morgan Avenue
Lower Ground Floor
Flat 10
Living Room (12' 4'' x 16' 5'' (3.76m x 5.00m))
Kitchen (12' 2'' x 9' 0'' (3.72m x 2.75m) (max))
Bedroom (7' 3'' x 17' 5'' (2.20m x 5.31m))
Bathroom
Ground Floor
Studios 1-4
With fitted kitchens.
WC/Shower Room
Laundry Room
First Floor
Studios 5-8
With fitted kitchens.
WC & Shower Room
Second Floor
Flat 9
Living Room (13' 7'' x 12' 0'' (4.14m x 3.65m))
Kitchen/Dining Room (13' 1'' x 11' 1'' (3.99m x 3.38m))
Bedroom
Bedroom
Bathroom
Tenure
Freehold, subject to the residential ASTs.
Utilities
The landlord pays for the gas, water and electricity. Electricity gets charged back to the tenants through sub meters, which the landlord reads and charges the tenants accordingly for.
The landlord averages £2,100 per annum from the solar panels and £3,600 from the laundry coin meters.
Asking Price
£975,000.
EPC Ratings
19 Morgan Avenue – D.
Flat 19,19 Morgan Avenue – D.
Flat 20,19 Morgan Avenue – C.
21 Morgan Avenue – D.
Flat 9,21 Morgan Avenue – C.
Flat 10,21 Morgan Avenue – C.
Council Tax
19 Morgan Avenue – C.
Flat 19,19 Morgan Avenue – B.
Flat 20,19 Morgan Avenue – A.
21 Morgan Avenue – C.
Flat 9,21 Morgan Avenue – B.
Flat 10,21 Morgan Avenue – A.
The landlord pays the council tax rates for 19 and 21 Morgan Avenue, and the individual flat tenants pay their own council tax.
Legal Costs
Each party to bear their own legal costs.
Rent Schedule
Current Gross Rental Income: £121,020 Per Annum.
Flat Rent pcm
1 - £450.
2 - £450.
3 - £400.
4 - £475.
5 - £400.
6 - £450.
7 - £450.
8 - £550.
9 - £750.
10 - £740.
11 - £450.
12 - £450.
13 - £400.
14 - £475.
15 - £400.
16 - £450.
17 - £450.
18 - £535.
19 - £630.
20 - £730.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
Floor plans and tours
Floor plans (2)
More information
Listed by
Bettesworths Commercial
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