Bed icon  5  Bath icon  1

5 bed Investment - Sold Subject to Contract
Springfield Road, St James, Exeter
£510,000

A very well presented five bedroom terraced licenced student HMO with a contract in place for the 2020/2021 academic year

generating an income of £25,300 over that period. There is potential to increase this revenue to in excess of £32,000 for the 2021/2022 academic year.

A prime location for Exeter University’s Streatham campus and Exeter City Centre.

Description

This is a well presented and spacious five bedroom licenced HMO let to students for the forthcoming 2020/2021 academic year, generating an income of £25,300 over that period. There is potential to increase this revenue to in excess of £32,000 the following year. The property further benefits from gas fired central heating, upvc double glazed windows, large kitchen/diner and a cosy attic communal room. The property is situated in a prime student location handy for Exeter University’s main Streatham campus as well as Exeter City Centre.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Ground floor:  Entrance door to

Vestibule: Coat hooks, part glazed door to

Hallway: Radiator under shelving, feature arch, stairs rising to the first floor, inset wall lighting, cupboard under stairs housing gas and electric meters.

Kitchen/Diner: 6.40m (21'0") x 2.64m (8'8")

Radiator, stainless steel single drainer sink unit with hot and cold mixer tap and four ring gas hob both set in tiled work surfaces with built in oven, appliance space, plumbing for washing machine and cupboards below, tiled splash backs, wall mounted boiler unit supplying domestic hot water and central heating system, further tiled work surface with appliance space and cupboard below, wall mounted shelving, glazed door to rear garden.

Bedroom One: 3.86m (12'8") x 3.76m (12'4") into alcoves

Radiator, feature fire place with tiled and wood surround and mantel piece, shelving in alcoves, picture rail, exposed and varnished floor boards, aspect to the front.

Bedroom Two: 3.84m (12'7") x 2.79m (9'2") into alcoves

Radiator, shelving in alcoves, pine panelled ceiling, aspect to the rear.

First Floor Landing:

Steps to communal attic room.

Separate W/c: W/c and wash hand basin.

Shower Room: 1.90m (6'3") x 1.60m (5'3")

Radiator, large shower tray with wall mounted electric shower and screen, wash hand basin with cupboard below, wall mounted cupboard unit and mirrors, extractor fan.

Bedroom Three: 4.85m (15'11") x 3.86m (12'8") into alcove

Radiator, feature fire place with tiled hearth, wood surround and mantel piece, shelving in alcoves, coved ceilings, aspect to the front.

Bedroom Four: 3.86m (12'8") x 2.97m (9'9")

Radiator, feature fire place with wood surround and mantel piece, built in wardrobe, shelving in alcoves, picture rail, coved ceilings, aspect to the rear.

Bedroom Five: 3.35m (11'0") x 2.74m (9'0")

Radiator under shelving, wall mounted shelving, built in cupboard with slatted shelving, coved ceilings, aspect to the rear.

Second Floor:

Communal Attic Room: 4.47m (14'8") x 3.71m (12'2") sloping ceilings

Feature arched recesses with shelving, two Velux windows to the rear slope.

Outside

Rear Garden: Paved patio area and laid out to level lawn with flower bed borders.

Agents Notes:

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

EPC D (56)

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

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