HMO Investment - Gross return 8.6% - A high quality Victorian terraced townhouse with 7 double bedrooms - an exciting investment opportunity!
This spacious 7 bedroom property has been recently refurbished throughout to provide professionals with high quality accommodation . Currently Let as a professional house share, each room is rented on an individual basis with shared use of communal areas.
Each room comes with a full complement of high quality furniture, a double bed with built in storage and new mattress protector, large wardrobe, chest of drawers, bedside table and desk. The house has a large kitchen with private cupboard space for each tenant and a full range of appliances. The kitchen has plenty of space for the number of occupants and there is a large dining area to create a nice social space. There is a living room with a flat screen TV and patio doors leading out to a large rear garden. On the upper floors there are two spacious shower rooms. High speed broadband is provided throughout the property and there is also a private drive/parking space at the front.
The property is located on Alphington Street, a short walk from the city centre and St Thomas - ideal for anyone working in the city or Marsh Barton. There are plenty of nearby bus routes, the St Thomas train stop is only a few minutes away and there is easy access out of town to the M5/A30 junctions.
Fully let the property generates £47,700 gross annual rent which represents a gross return of approximately 8.5% however there is scope for this to be improved with an increase in some of the rents. A full breakdown of income and running costs can be provided upon request. We currently have 1 room available to rent which we are conducting viewings on and expect to fill shortly.
Tenure: Freehold
EPC Rating: C
Council Tax: Exeter City Council - Band D
D
Freehold
