- INVESTMENT OPPORTUNITY +
- 3 BEDROOM STUDENT HMO +
- CHARMING +
- GREAT CITY CENTRE LOCATION +
- CLOSE TO EXETER UNIVERSITY ST LUKES CAMPUS +
SUMMARY Nestled in the desirable area of Newtown, this three bedroom terraced house offers a perfect blend of period charm and modern convenience. A well laid out and spacious student investment property has achieved many years of successful renting.
Location: Ideally located within walking distance of Exeter City Centre, Exeter University St Luke's campus, RD&E hospital and there is a Waitrose supermarket on the doorstep.
Living Space: Cosy and comfortable living space with feature and character fireplace.
Bedrooms: 3 good sized bedrooms, the property is arranged over three floors so feels spacious and uncrowded.
Outdoor Area: Enclosed low maintenance rear courtyard
Parking: The road is pedestrianised, there is residential permit parking nearby.
Property Tenure: Freehold
Council Tax: C
EPC: D
LOUNGE 12' 6" x 10' 2" (3.83m x 3.11m) Fireplace, radiator, uPVC double glazed window with front aspect.
KITCHEN/BREAKFAST ROOM 10' 6" x 10' 0" (3.22m x 3.07m) uPVC double glazed window with rear aspect, radiator, boiler, cooker, plumbing and space for washing machine, gap for another appliance. Sink with mixer tap and drainage.
BATHROOM 6' 9" x 6' 11" (2.06m x 2.12m) Radiator, uPVC double glazed window with side aspect, sink, WC and bath with shower.
BEDROOM 1 14' 4" x 10' 2" (4.39m x 3.11m) Radiator, uPVC doubled glazed window with front aspect, build in wardrobes and storage.
BEDROOM 2 10' 7" x 10' 0" (3.23m x 3.07m) Radiator, uPVC doubled glazed window with rear aspect.
BEDROOM 3 15' 9" x 16' 9" (4.82m x 5.12m) uPVC double glazed window with rear aspect, eves storage, radiator,
LETTINGS/RENTAL INFORMATION Currently empty. In the current condition it could achieve a rent of £137 pw pp, total monthly rent £1,779, yearly total rent of £19,569 which is a 6.5% yearly yield. Has the potential with some improvements to achieve a rent increase to £155 pw pp, total monthly rent £2,013, yearly total rent £22,143 which is a 7.4% yearly yield.
SERVICES SERVICES Electric Supply: Mains
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