- STUDENT INVESTMENT OPPORTUNITY +
- POTENTIAL STUDENT ACCOMMDATION +
- RECENTLY RENOVATED THROUGHOUT +
- GARAGE AND PARKING +
- LOW MAINTENANCE BACK GARDEN +
- A MUST SEE! +
SUMMARY This beautifully presented townhouse, recently extended and refurbished throughout, is currently used as a family home but has the potential to become a successful student accommodation investment property. This property is stylish and modern boasting a spacious interior, high quality finishes and smart low maintenance outside spaces.
The property could be utilised as a four bedroom student let or a 5 bedroom HMO licensed student accommodation if the necessary permissions were obtained by Exeter City Council.
Key Features:
Location: Due to the article 4 restrictions within Exeter City Centre Stoke Hill is fast becoming a popular location for students. Located close to local amenities, shops, and on a main bus route into Exeter City Centre. Exeter University is approximately a 20 minute walk away.
Living Space: This large kitchen, diner would be the perfect space for socialising and would provide a comfortable communal living area.
Bedrooms: Large, spacious and well decorated bedrooms, the large living space could be utilised as a 5 bedroom.
Outdoor Area: This property also benefits from a garage and parking to the front of the garage, and a well maintained and low maintenance enclosed garden to the back.
Property Tenure - Freehold
Council Tax - C
EPC - C
ENTRANCE HALL Double Glazed Front Door leading to Living room, & Kitchen/Diner with Radiator and LVT Flooring with carpeted stairs leading to First Floor. There is a cupboard for storage and contains the combination gas boiler.
With a range of wall and base units, White uPVC Double Glazed windows. LVT Flooring throughout with radiator with uPVC Double Glazed door leading out to enclosed rear garden.
LIVING ROOM/BEDROOM 1 White uPVC double glazed window with LVT flooring and radiators.
KITCHEN/DINER/LIVING ROOM with a range of wall and base units, White uPVC Double Glazed windows. LVT Flooring throughout with radiator with uPVC Double Glazed door leading out to enclosed rear garden.
LANDING Leading to Bedroom Two, Three & Four and Family Bathroom. Cupboard under the stairs leading up to Second floor. with radiator.
BEDROOM 2 with white uPVC double glazing and radiator with spacious fitted wardrobe.
BEDROOM 3 with white uPVC double glazing and radiator with spacious fitted wardrobe.
BEDROOM 4 with white uPVC double glazing and radiator
BATHROOM white uPVC Double Glazing with modern white sanitary ware, shower over bath and towel radiator.
BEDROOM 5 with white uPVC double glazing and radiator with spacious fitted wardrobe. With access to eaves storage.
ENSUITE white uPVC Double Glazing with modern white sanitary ware, shower and towel radiator.
REAR GARDEN Private low maintenance rear garden with outside tap, Garden Storage Shed and rear Gate access leading to Garage and Parking Space.
LETTING INFORMATION A potential rent of £150 pw pp could be achieved, as a four bedroom this would be yearly rent of £28,600 which is a 8% yield.
If converted to a 5 bedroom student accommodation this would be a yearly income of £35,750 per year achieving a fantastic yield of 10%.
Please seek HMO licensing advice from Exeter City Council.
SERVICES Electricity supply: Mains electricity
Heating supply: Mains gas
Sewerage: Mains
Water Supply: Mains
Mobile signal: Several networks showing as available including EE, Vodaphone, 3 and 02
Broadband: Standard, Superfast and Ultrafast