Bed icon  8  Bath icon  2

8 bed Investment Under Offer
Longbrook Street, Exeter
£950,000

  • Early Georgian Grade II Listed property in the city centre
  • Eight bedroom student HMO with an income for 2020/2021 of £51,480
  • Nine parking spaces eight of which are let under licence for £9,000 per annum
  • One Parking space reserved for owners use
  • Ideal location for Streatham and St Luke's University Campuses

Early Georgian Grade II Listed property which has been in the same family for over fifty years and is currently let as an8 bedroom student investment property with eight parking spaces let on licence and a further owner’s parking space.

Generating an income of £49,680 for the 2019/2020 academic year and £51,480 for 2020/2021 contract plus £9,000 per annum from the car park which is let under licence.

Two reception rooms, two bathrooms and a cloakroom, gas central heating.

City Centre location, private rear garden, handy for Streatham and St Luke’s University Campuses.

Description

This is a fine early Georgian Grade II Listed property which has been in the same family ownership for over 50 years. It is currently let as an eight bedroom student investment property with nine parking spaces generating an income for the 2019/2020 academic year of £49,680 and has a contract for the 2020/2021 academic year which is for £51,480. Eight of the nine car parking spaces are let on licence and this generates a further income of £9,000 per annum with the ninth space reserved for the owner. The property is situated in the City Centre and is equal distance from St Luke’s and Streatham Campuses.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Ground floor:  Timber entrance door to

Vestibule: Dado rail, ceiling architrave, part glazed door to

Hallway: Stairs rising to the first floor with cupboard below, door to

Communal Room 3.17m (10'5") x 3.71m (12'2") into alcove.

Radiator, extractor fan

Conservatory/Dining Room 5.69m (18'8") x 2.92m (9'7")

Double radiator, French doors to rear gardens.

Cloakroom: Low level w/c, pedestal wash basin with tiled splash backs, plumbing for washing machine, extractor fan.

Kitchen 3.63m (11'11") x 3.15m (10'4")

Stainless steel single drainer sink unit set in work surfaces with cupboards, drawers below, tiled splash backs, matching wall mounted cupboard units, further work surfaces with appliance spaces for cookers, cooker hood, tiled splash backs, radiator, arch to

Utility Room 2.39m (7'10") x 2.06m (6'9")

Stainless steel single drainer sink unit, tiled splash backs, wall mounted cupboard unit,

Bathroom 2.29m (7'6") x 2.18m (7'2") into recess

Heated towel rail, pedestal wash basin, close coupled w/c, panel bath with hot and cold mixer tap, integrated shower head, shower tray with wall mounted mains shower and screen door, extractor fan.

Bedroom One 4.42m (14'6") x 4.60m (15'1") into alcove.

Radiator, covered fire place with wood surround and mantel piece, picture rail, ceiling architrave, aspect to the front.

Bedroom Two 4.39m (14'5") x 3.15m (10'4")

Radiator, ceiling architrave, picture rail, covered fire place with wood surround and mantel piece, aspect to the front.

First Floor Landing

Window with an aspect to the rear, stairs rising to second floor

Bedroom Three 3.71m (12'2") x 2.90m (9'6") plus alcove

Radiator, Built in cupboard in alcove, aspect to the rear.

Bedroom Four 4.39m (14'5") x 3.89m (12'9")

Radiator, two built in cupboards in alcoves, ceiling architrave, aspect to the front.

Bedroom Five 4.47m (14'8") x 4.42m (14'6")

Radiator, two built in cupboards in alcoves, ceiling architrave, aspect to the front.

Bedroom Six 3.66m (12'0") x 3.51m (11'6")

Radiator, covered tiled fire place and mantel piece, built in cupboard, aspect to the rear.

Second Floor Landing

Sloping ceilings with Velux window, a further double casement window with an aspect to the rear.

Bedroom Seven 4.52m (14'10") x 2.97m (9'9") sloping ceilings.

Radiator, aspect to the front.

Bedroom Eight 3.86m (12'8") x 5.21m (17'1") L’shaped with sloping ceilings.

Radiator, access to roof space, window with an aspect to the front plus a further Velux window providing additional light.

Shower Room 3.53m (11'7") x 2.08m (6'10") sloping ceilings.

Close coupled w/c, pedestal wash basin, radiator, shower tray with wall mounted mains shower head and screen, access to roof space, Velux window.

Outside

Rear Garden: Concrete pathway with steps rising to lawned area and patio, three outhouses one of which houses the water booster, another the boiler supplying domestic hot water and gas central heating, the third being suitable for storage of bicycles and bins, pedestrian access to service lane.

Front: 8 parking spaces currently let on licence for £9,000 per annum. A further parking space is reserved for the owner’s use.

Agents Notes:

Council Tax: Exeter City Council – Band D (Currently zero rated)

EPC Band D (59)

For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.

VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM Of 24 HOURS NOTICE REQUIRED.

agent

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

Arrange Viewing
EPC For Longbrook Street, Exeter
X

X

Viewing Request