This is currently a detached five bedroom licenced HMO for the occupation of upto ten people - Parking space.
Current income is in the region of £27,000 per annum with plenty of scope for substantial improvement in the number of rooms and the income it generates subject to planning consent.
The property requires some internal updating and external maintenance.
Ideal location for Exeter City Centre and University Campuses.
This detached property with annexe coach house is an ideal investment opportunity, currently let as a five bedroom licenced HMO for upto ten occupants with a current potential income of around £27,000 per annum. There is plenty of scope for improvement in the property itself, the number of bedrooms and the income it generates subject to planning consent.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING
Upvc entrance door:
Stain glass window with stairs to upper floors, we understand that there is access to a cellar which the vendor has had sealed off.
Communal Room 4.84m (15' 11") x 3.27m (10' 9") into alcove.
Radiator, Marble fire place with surround and mantel piece, parquet flooring, picture rail.
Kitchen 6.20m (20' 4") x 2.32m (7' 7")
Modern fitted kitchen units with inset stainless steel single drainer sink unit, roll edged work surfaces, under counter fridge, gas cooker, 2 x fridge/freezers, upvc doubled glazed door to rear courtyard garden.
Bathroom 2.41m (7' 11") x 1.77m (5' 10")
Yellow suite with electric shower over a panel bath, w/c, pedestal wash hand basin, 2 x towels rails.
Bedroom One 4.72m (15'6") x 4.70m (15'5") into alcove and bay.
Radiator, feature fire place, shelving in alcove, picture rail, double glazed bay window with an aspect to the front.
First Floor Landing Stairs to second floor.
Bedroom Two 4.62m (15'2") x 3.25m (10'8")
Currently a studio flatlette with kitchenette and bathroom ensuite, aspect to the rear.
Bedroom Three 4.67m (15'4") x 4.62m (15'2")
Radiator, Slate fireplace, picture rails, upvc double glazed bay window with an aspect to the front.
Second Floor Landing
Bedroom Four 4.50m (14'9") x 3.43m (11'3")
Radiator, upvc double glazed window with an aspect to the rear.
Bedroom Five 4.95m (16'3") x 3.84m (12'7") reducing to 2.82m (9'3") into alcove.
Radiator, upvc double glazed window with an aspect to the front.
With exposed beams, yellow suite comprising of w/c, pedestal wash basin and panel bath.
Ground Floor 2.36m (7' 9") x 2.58m (8' 6") plus entrance.
First Floor 2.29m (7' 6") x 3.00m (9' 10") plus landing.
Entrance Hall with doorway to small living room, stairs to first floor bedroom with electric shower and separate w/c and wash hand basin. (This part of the property is in need of renovation and would be subject to buildings regulations and any necessary consents).
Wall enclosed courtyard garden with pedestrian access to Albion Place.
The is currently a five bedroom Licenced HMO with tenants on individual tenancy agreements generating a potential income of £27,000 per annum with ample room for improvement.
Council Tax: Exeter City Council Band E
EPC Rating D57
For further information regarding this property please contact Andy Wilkinson
VIEWING BY APPOINTMENT PLEASE WITH CARDENS RESIDENTIAL GIVING 24 HOURS' NOTICE