Bed icon  4  Bath icon  1

4 bed Investment Sold Subject to Contract
Howell Road, Exeter
£365,000

Established four bedroom HMO student investment property in popular central Exeter.

Let for the current academic year and with students in place 2019/20 providing £22,880, a return of more than 6%.

Double glazed windows with gas central heating

Well maintained and presented property with low maintenance garden at rear.

Description

A popular location for Exeter students being just a short walk to the Streatham Campus and Exeter City Centre. The property benefits from having established use as a 4 bedroom HMO spread over 3 floors and is in an ideal location for students.  It is let for this academic year (2019/20) with an income of £22,880.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Upvc double glazed entrance door:

Vestibule:

Sunken mat well, glazed door to

Hallway

Radiator, wall mounted cupboard housing electric meter, stairs rising to first floor with cupboard below, feature arch.

Living Room 3.66m (12'0") x 3.20m (10'6") into alcove.

Radiator, coal effect gas fire set in chimney breast with slate hearth, wood surround and mantel piece, gas mater.

Kitchen 3.28m (10'9") x 2.29m (7'6")

Radiator, stainless steel single drainer sink unit and four ring gas hob set in work surfaces with cupboards, drawers, wine rack and appliance space for washing machine below, built in electric oven, tiled splash backs, matching wall mounted cupboard units, cooker hood, door to

Lean to: wall mounted boiler supplying domestic hot water and gas central heating system, door to walled courtyard garden.

Bedroom One 3.17m (10'5") x 3.05m (10'0") into alcove.

Radiator, built in cupboards and shelving in alcoves, aspect to the rear.

First floor Landing: Stairs to second floor.

Bedroom Two 4.75m (15'7") x 3.20m (10'6") into alcove.

Radiator, built in cupboards and shelving in alcoves, central ceiling fan and light fitting, aspect to the front.

Bedroom Three 3.10m (10'2") x 3.12m (10'3") into alcove.

Radiator, aspect to the rear over courtyard garden.

Second Floor Landing

Bedroom Four 3.45m (11'4") x 2.72m (8'11") with sloping ceilings.

Radiator, exposed timber ceiling beam, aspect to the front.

Bathroom 2.59m (8'6") x 2.57m (8'5") plus recess to

Shower cubicle with tray, wall mounted electric shower and screen door, radiator, pedestal wash basin, low level w/c, built in cupboard unit, panel bath with tiled splash backs, wall mounted medical cabinet and strip light/shaver point, Velux double glazed window to rear.

Rear Garden

Wall enclosed courtyard garden with second w/c.

Agents Notes:

The property is an established unlicensed HMO currently occupied by 4 tenants on a joint and several tenancy for the 2019/20 academic year providing £22,880 - a return of more than 6%.

Council Tax:   Exeter City Council      Band B

EPC Rating     D (56)

For further information regarding this property please contact Andy Wilkinson

VIEWING BY APPOINTMENT PLEASE WITH CARDENS RESIDENTIAL

agent

For further details on this property please call us on:
01392 433866

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