Victoria Street, St James, Exeter, 5 bedroom, Investment

Established five bedroom Licenced HMO student investment property in a very popular central location.

Let for the current academic year generating an income of £29,810 and with students in place for 2020/2021 providing an income of £30,965.

Upvc double glazing, gas central heating.

Accommodation spread over three floors with two bathrooms/shower rooms.

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 five bedroom licenced HMO spread over 3 floors with two bathroom/shower rooms. It is let for this academic year (2019/20) with an income of £29,810 and 2020/21 which will generate an income of £30,965.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Timber entrance door:

Vestibule:

Dado rail, part glazed door to

Hallway

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

Living Room 3.81m (12'6") x 3.61m (11'10")

Radiator, central ceiling rose, ceiling architrave.

Kitchen 4.55m (14'11") x 2.41m (7'11")

Radiator, stainless steel single drainer sink unit with hot and cold mixer tap, four ring electric hob set in work surfaces, cupboards, drawers, appliance space below, built in electric oven, tiled splash backs, matching wall mounted cupboard units, wall mounted boiler supplying domestic hot water and gas central heating system, cooker hood.

Bedroom One3.61m (11'10") x 2.77m (9'1")

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

First Floor Half Landing

Separate W/c: W/c, wash hand basin, radiator.

First Floor Landing Radiator, stairs to second floor.

Bathroom 2.54m (8'4") x 1.78m (5'10")

Radiator, panel bath with wall mounted mains shower and screen, pedestal wash basin, part tiled surround, wall mounted medical cabinet, extractor fan.

Bedroom Two 3.58m (11'9") x 2.79m (9'2")

Radiator, built in wardrobe, shelving in alcove, aspect to the rear.

Bedroom Three 3.33m (10'11") x 2.64m (8'8") plus alcove

Radiator, built in wardrobe, cupboard and shelving in alcove, ceiling rose and architrave, aspect to the front.

Second Floor Landing

Bedroom Four 3.58m (11'9") x 3.17m (10'5")

Radiator, door to shared ensuite shower room, aspect to the rear.

Bedroom Five 3.68m (12'1") x 2.87m (9'5")

Radiator, deep recess cupboard, door to shared ensuite shower room, aspect to the front.

Rear Garden

Wall enclosed courtyard garden with paved patio.

Agents Notes: