6 Bed HMO, Exeter, EX4 6DB £599,950

• Unbeatable location +
• 6 large double bedrooms +
• 3 bathrooms +
• Monden kitchen +

HMO STUDENT INVESTMENT - An excellent opportunity to acquire an established and stable 6 bedroom HMO investment property generating a gross return of 7.6%, located in one of Exeter’s most popular student areas. This large and centrally located 6 bedroom student house is on Pennsylvania Road in close proximity the University Campus as well as the city centre, making it very popular with students each year. It has 6 good size double bedrooms, a large living room, 2 main bathrooms as well as an ensuite bedroom, to the rear is a courtyard garden. The ground floor kitchen, utility and bathroom have been newly refurbished in 2024. The property is let for the current (25/26) and next (26/27) academic years at £160pwpp/£4,170pcm generating a gross annual income of £45,870, bills are not included within the rent. There is certainly scope for this income to be improved upon in the future. On the ground floor:

• 2 double bedrooms, one of which is large

• Modern kitchen and utility room which was new in 2024

• Modern shower room with WC, also new in 2024

On the first floor:

• A good sized double bedroom

• At the front of the house is a large living room with plenty of seating and a dining table

• Main bathroom with a shower over the bath

• Storage cupboard

On the second floor:

• A further 2 double bedrooms, the front one is large

On the top floor

• A large double bedroom with an ensuite

Outside

• To the front is a small garden for bin storage, an ornate pathway and planted beds

• To the rear is a walled garden with patio area and raised beds

Tenure: Freehold Property Status: Grade II listed. For further tenancy/income details please get in touch with us.

EPC Rating: E