Fairfax House presents a promising opportunity for investors and developers alike, featuring 12 letting units that include 4 self-contained flats or studios alongside 8 spacious rooms equipped with kitchenettes and shared bathroom facilities. The property has undergone significant renovations, including the installation of a new EICR, Grade A fire system, completion of FRA actions, keyless entry system, and a new roof, all signs of robust infrastructure and operational readiness.
The ground floor showcases two self-contained units: one studio boasting an appealing bay window and an apartment with an open kitchen/living area separated from the bedroom. This level is complemented by a large unit featuring distinct living, kitchen, and sleeping spaces.
Ascending to the first floor reveals two additional self-contained studios plus two rooms sharing bathroom facilities. The second floor houses five more rooms that also share bathroom amenities.
An added highlight is the expansive barn on the premises which holds excellent potential for further development into another dwelling (subject to planning permission). With over 4000 sqft of space across the main house and a total plot size of approximately ¼ acre, there exists ample outdoor space currently used as parking but also presents possibilities for site development at the rear.
When fully occupied, this property could generate an estimated annual revenue of around £120,000, resulting in an attractive yield of approximately 12%. For those looking to manage their investment effectively, full management services are available through a specialist HMO management agent.
Situated in desirable Alphington, this location is strategically positioned for easy access to both the A30 and M5. The nearby Marsh Barton serves as a major employment hub while Alphington village offers essential amenities within a community-focused environment amidst the appealing Devon countryside—a combination that enhances its viability as a rental investment.
