Cardens Residential

Property Details

£550,000 | 94 Old Tiverton Road Exeter EX4 6LQ
For Sale
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Description

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

Ground floor

Upvc entrance door:

Reception Hallway

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.

Store Room

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.

Shared Bathroom

With exposed beams, yellow suite comprising of w/c, pedestal wash basin and panel bath.

Coach House

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.

Parking Space

Rear Garden

Wall enclosed courtyard garden with pedestrian access to Albion Place.

Agents Notes:

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    TBC

For further information regarding this property please contact Andy Wilkinson

VIEWING BY APPOINTMENT PLEASE WITH CARDENS RESIDENTIAL GIVING 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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Tenant Fees

Fees applying to all new tenancies from 1st June 2019

We may charge a tenant any or all of the following when required:

  1. the rent;
  2. a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
  3. a holding deposit of no more than one weeks’ rent;
  4. default fee for late payment of rent (after 14 days);
  5. reasonable charges for lost keys or security fobs;
  6. payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
  7. payments associated with early termination of the tenancy, when requested by the tenant; and
  8. payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.

Fees applying to all pre-existing tenancies entered before 1st June 2019

We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.


AN ADMIN FEE OF £150 APPLIES ON ALL RENTAL PROPERTIES FOR EACH TENANT OVER 18 YEARS ×