Cardens Residential

Property Details

£395,000| Exeter EX1 2DH
For Sale
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Bullet Investment Opportunity with Potential
Bullet Gross Annual Income £22100
Bullet Convenient location for University, Hospitals and City Centre

Summary Description: 

Enjoying a very pleasant outlook, over Belmont Park, this Licenced HMO is currently let to five sharers and all rooms can accommodate double beds. The property has been maintained to a high standard and retains many original features. Conveniently located for access to University, RD&E Hospitals and Exeter City Centre. There are two shower rooms with WC’s, plus an additional first floor Cloakroom.  From September 2018 gross rent will be £22,100 per annum providing a healthy 5.6% return. The property benefits from double glazing and gas central heating served via a combination boiler. Low maintenance enclosed rear garden.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

This property has an enclosed walled front garden with gate. Mature shrubs and bushes with hard stand for bins. Path to front door opening into the:

Porch

With ceiling light and heavy duty matting and part glazed door opens into:

Hallway

Ceiling light, smoke detector and wall mounted alarm panel. Under stairs cupboard providing additional storage and housing meters and consumer unit.

Lounge 3.1m x 4.4m

Double glazed uPVC bay window overlooking Belmont Park. Feature fireplace with tiles set in cast iron fireplace with wooden mantle surround. Shelving in alcoves. Original architrave ceiling rose and picture rail.  Radiator, Telephone and T.V connections.

Dining Room 3.1m x 2.3m Widening - 2.7m

UPVC window to side with part wood panelled walls and shelved alcove, radiator with doors to:

Bedroom One – Ground Floor 3.4m x 2.4m   Ensuite 1.8m x 1.4m 

Light well from Ensuite. Original cast iron/tile inlay fireplace feature with a wooden mantelpiece surround. The ensuite is white with electric shower in tiled cubicle, WC and pedestal wash hand basin with vinyl floor and clear skylight/roof. Radiator.

Kitchen 3.7m x 1.9m

A functional galley style kitchen with dual aspect, to side and rear, with uPVC double glazed windows. Modern fitted kitchen with a useful range of wall and floor units.  Sink & drainer inset into worktop with colourful tiled splashback. Exposed ceiling beam feature. Range of kitchen appliances include a larder fridge, electric cooker and dishwasher.

Utility Room 2.4m narrowing to 1.5m x 4.0m narrowing to 2.4m

Clear roof providing a light airy feel. Appliances includeg larder freezer, washing machine and tumble dryer. UPVC patio doors opening onto the courtyard garden.

Stairs to first floor landing with useful storage cupboard housing Worcester Boiler.

Bathroom 2.4m x 2.1m

UPVC double glazed window to rear with opaque glass and part wood panelled walls. Electric shower over panelled bath, shower curtain and tiled surround. Pedestal wash hand basin, WC and heated towel rail. Large original double door storage cupboard

Separate Toilet

UPVC double glazed window with opaque glass. White suite with wash hand basin, WC and radiator.

Bedroom Two – First Floor Rear 3.4m x 2.4m

UPVC double glazed window to the rear. Cast iron fireplace and surround. Hanging rail and storage build into alcove. Radiator.

Bedroom Three – First Floor Front 4.4m (into bay) x 4.2m

A spacious room with uPVC double glazed bay window overlooking Belmont Park. Original features include architrave and picture rails. Feature cost iron fireplace with decorative tiles inlay. Radiator.

Stairs to second floor landing with Velux window providing natural lighting.

Bedroom Four – Second Floor Rear  2.1m x 3.4m (into Dormer - narrowing to 2.5m)

UPVC double glazed window to rear with painted cast iron fireplace and mantle. Radiator.

Bedroom Five – Second Floor Front  4.1 x 4.5m (into DORMER - NARROWING TO 2.7m)

UPVC double glazed window to front with elevated view over Belmont Park and City Centre beyond. Two radiators.

Outside:

Rear Garden - Enclosed rear garden mainly laid with patio paving having raised borders. Lovely south facing garden enjoying all day sunshine. Gate to rear service lane.

Front Garden – Enclosed walled frontage with iron gate. Mature bushes and shrubs.

Parking – On street parking permits available through the local authorities.

Agents Notes:

The property is current let to 5 sharers with a rent increase from September 2018 generating £22,100 gross per annum excluding bills - 5.6% return.

Council Tax:     Exeter City Council         Band D

For further information regarding this property please contact

Paula Wright or Julian Cole - 01392 433866

VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM OF 24 HOURS NOTICE

Misrepresentation Act 1967
These particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract.
ARLAThe Property Ombudsman
Cardens Residential, Hampton House, 23 Longbrook Street, Exeter. EX4 6AD.
Tel: 01392 433866  Email: propertysales@cardensestateagents.co.uk
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