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A licenced five bedroom HMO fully let to professional tenants with an annual rental income of £36,426, inclusive of bills, representing a 10.26% return.
The property benefits from upvc double glazed replacement windows, gas central heating and a southerly facing enclosed rear garden.
An excellent location for Exeter St Luke’s University campus with Streatham campus approximately one and a half miles away.
Easy access to a local general store and Exeter City Centre.
Description
This is a licenced five bedroom HMO fully let to professional tenants with an annual rental income of £36,426, inclusive of bills, benefiting from upvc double glazed replacement windows, gas central heating and a southerly facing enclosed rear garden. The property is situated in an excellent location for Exeter St Luke’s University campus and is approximately one and half miles from the main Streatham campus. It has easy access to a local general store and Exeter City Centre.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING
Ground floor: Entrance door to
Vestibule: Dado Rail, part glazed door to.
Hallway: Feature arch, stairs rising to first floor.
Bedroom One: 4.34m (14'3") x 3.35m (11'0") into bay and alcove.
Radiator, recess in chimney breast, picture rail, ceiling architrave, aspect to the front.
Bedroom Two: 3.66m (12'0") x 2.92m (9'7") into alcove.
Radiator, Shelving in alcove, aspect to the rear.
Kitchen/Living Room: 3.84m (12'7") x 2.46m (8'1")
Radiator, coved ceilings, one and half bowl stainless steel single drainer sink unit with hot and cold mixer tap, four ring gas hob, both set in work surfaces with cupboards, drawers and appliance spaces below, plumbing for washing machine and dishwasher, built in electric o0ven, tiled splash backs, wall mounted cupboard units, cooker hood, breakfast bar, wall mounted boiler supplying domestic hot water and central heating, extractor fan, upvc double glazed door to rear garden.
First Floor Landing: Access to roof space.
Bathroom: 2.13m (7'0") x 1.55m (5'1")
Heated towel rail, shower tray with wall mounted mains mixer shower and screen door, close coupled w/c, wash hand basin with hot and cold mixer tap, fully tiled surround, wall mounted medical cabinet, extractor fan.
Bedroom Three: 3.66m (12'0") x 2.41m (7'11") into door recess.
Radiator, shelving in alcove, aspect to the rear.
Bedroom Four: 3.63m (11'11") x 2.92m (9'7") into alcove.
Radiator, picture rail, built in wardrobe in alcove, aspect to the rear.
Bedroom Five: 4.27m (14'0") x 3.61m (11'10")
Radiator, picture rail, built in wardrobe in alcove with additional storage cupboards, aspect to the front.
Outside
Rear Garden: Wall enclosed courtyard garden laid out with paved patio area, pedestrian access to service lane.
Front: Enclosed walled frontage/bin store.
Agents Notes:
Council Tax: Exeter City Council – Band C (Currently N Rated)
EPC D (66)
The rental income has been provided by the seller. The agent has not had sight of the tenancy agreements and therefore has not verified the rental income.
For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.
VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM Of 24 HOURS NOTICE REQUIRED.
