Description
A well established 5-bed HMO in prime student location which has been consistently rented to students for the last 15yrs. The ground floor kitchen dinner has direct access to patio and garden space. Also accessible from the ground floor is an integrated garage with fitted utility space with washing machine and additional fridge freezer space. The first floor benefits from a large communal living room for tenants, a shared bathroom and 2 double bedrooms. All 5 bedrooms are well furnished doubles with desk, and draw and wardrobe space. The second floor is arranged with the remaining 3 bedrooms and additional shared bathroom. One of the second floor benefits from its own en suite.
The property also benefits from having two off street parking spaces at the front of the property.
The property is currently let to students at premium rents for the 2024/25 academic year. Currently on a 48week contract, achieving £184 per person per week exclusive of bills. Leaving a healthy yield of 8.4%.
Situation
The Cathedral City of Exeter is one of the most vibrant and attractive cities in Southern England. With a population of almost 130,000, expanding Top 10 University and growing Business and Science Parks, the City lies on the beautiful River Exe. The city is within half an hour's drive of the coast and moors and is the region's major administrative, commercial and retail centre with major employers including the County Council, County Police, EDF, Met Office, Highways Agency and the University.
Exeter University Streatham Campus 0.4
Exeter City Centre 0.5
Directions
Exeter Central Station head away from the city centre via Queens Street. At the Clock Tower roundabout take the third exit onto New North Road. At the mini roundabout take the first exit onto Blackall road followed by taking the first left onto Howell road. Take the first right onto Horsegaurds and follow the road round to your left. Addington court is the first cluster of properties you come to on your right.