- Guide price £550,000 - £575,000 +
- Turn key HMO investment +
- 6/7 Bed HMO +
- Convenient location for access to the Quay and City Centre +
Description
This large terraced property has recently undergone total renovation to create an all en-suite professional HMO. A turnkey investment opportunity offering circa 12% gross yield.
The property also benefits from a large communal living room, dining room and kitchen. With a rear low maintenance garden offering outside space and external storage for tenants.
Price guide £550,000 - £575,000.
Income -
The property is currently achieving £4,675 monthly income with one room still to be let. Annual gross rent roll forecast in the region of £69,000.
Situation
The Cathedral City of Exeter is one of the most vibrant and attractive cities in Southern England. With a population of almost 120,000, 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, Met Office and the University.
The historic Quayside provides some lovely riverside walks with it's restaurants, pubs and coffee shops. A regular bus service runs along Alphington Street into the city centre and surrounding towns. Exeter has a direct rail link to London Paddington and Waterloo as well as an International Airport is about five miles away.
Directions
From Western Way continue south to the double bridges over the Exe River. Take the first exit signposted towards Plymouth, continue over the crossroads at the leisure centre and the property is on the right.