9/10-Bedroom Hmo Investment Property

Sea Spray House is a freehold 9/10-bedroom HMO property located on Beach Road, Paignton, Devon, TQ4 6AY. Situated within 150 meters of the Paignton seafront, it occupies a prominent corner position. The property spans over 2 floors, totaling 3029 sq ft, and features a south-facing terrace at the front and courtyard parking at the rear. This bay-fronted, period end-of-terrace property comprises a communal reception and kitchen, a staff flat, and 9 en-suite bedrooms on the upper floors. It is sold with vacant possession. The property has been a fully licensed and successful HMO for many years and has recently undergone refurbishment. There is scope for approximately £75,000 income per annum when fully occupied. Previously listed at £480,000 and more recently at £425,000, the guide price has been reduced for this auction. The property is located in Paignton, between Torquay and Brixham, and is well-served by a mainline railway station with national connections, the motorway network, and Exeter airport. The tenure is freehold, with Council Tax band E and EPC rating C. Completion is set for 8 weeks or earlier subject to mutual consent. A buyer's premium of £1,500 + VAT (£1,800 inc VAT) is payable upon exchange of contracts. The auction date is Wednesday, September 16th, 2026, at 12:00 Noon, with a registration deadline of Friday, September 11th, 2026, at 16:00. The auction will be streamed live online.