- INVESTMENT OPPORTUNITY +
- 5 BEDROOM LICENSED HMO +
- CITY CENTRE LOCATION +
- FULLY LET 2024/25 - £37,200 +
- PRE LET for 2025/26 - £38,400 +
DESCRIPTION Discover this impressive 5-bedroom student property located at Old Park Road, perfectly situated to accommodate the vibrant student life in Exeter. This spacious home offers an ideal blend of comfort and convenience, making it an attractive option for university students.
Key Features:
Bedrooms: 5 generously sized bedrooms, each furnished to provide a comfortable study and sleeping environment. Property has HMO Licence, but not currently in article 4 .
Rental Income: Currently rented for £37,200 for the 2024/2025 academic year, with an increase to £38,400 for 2025/2026, ensuring a steady rental yield.
Location: Situated in a desirable area close to local amenities, public transport, and within easy reach of the university, promoting a lively and engaging lifestyle.
Living Space: A spacious communal area perfect for socializing and relaxing, complemented by a fully equipped kitchen with modern appliances.
Outdoor Area: A private courtyard/garden, ideal for summer gatherings or quiet study breaks.
LOUNGE 10' 5" x 9' 2" (3.2m x 2.8m) Radiator, leading to dining room
DINING ROOM 8' 2" x 6' 2" (2.5m x 1.9m) A Light dining room due to the clear roof, radiator, a uvpc door leading to the outside area
KITCHEN 9' 6" x 7' 6" (2.9m x 2.3m) Tiled floor with base units and wall units, Upvc window outlooking back of property, Free standing fridge and freezer, Integrated cooker and hob, free standing washing machine, Baxi boiler, sink with drainage rack.
BEDROOM 1 11' 1" x 10' 5" (3.4m x 3.2m) Radatior, upvc window outlooking onto street
BEDROOM 2 10' 5" x 9' 2" (3.2m x 2.8m) Radiator, upvc window out looking onto the street
BEDROOM 3 14' 9" x 10' 5" (4.5m x 3.2m) Built in cupboard, Upvc window outlooking the back, radiator
ULTILY ROOM 3' 11" x 7' 6" (1.2m x 2.3m) Toilet, radiator, sink, Upvc window outlooking to side of property
BATHROOM 5' 6" x 7' 6" (1.7m x 2.3m) Upvc window outlooking back of property, sink/cupboard unit, Toilet, shower unit with shower
BEDROOM 4 10' 2" x 9' 2" (3.1m x 2.8m) Upvc window outlooking back of property, Built in Wardrobe, Radiator
BEDROOM 5 14' 9" x 6' 10" (4.5m x 2.1m) Upvc window outlooking the front of property, radiator, built in wardrobe