Bed icon  6  Bath icon  2

6 bed Investment For Sale
Mowbray Avenue, Exeter
£595,000

A well presented and spacious six bedroom licenced student HMO with a contract in place for the 2020/2021 academic year

generating an income in the region of £29,000 over that period.

Potential to increase the income for 2021/2022 to around £37,000.

Generous bedrooms, large kitchen, additional communal room and two bath/shower rooms.

Gas central heating and upvc double glazed windows.

Excellent location for St Luke’s, Streatham University campuses and Exeter City Centre.

Description

This is a well presented and spacious six bedroom licenced HMO let to students for the forthcoming 2020/2021 academic year, generating an income in the region of £29,000 over that period with potential to increase to around £37,000 for 2021/2022. The property further benefits from gas fired central heating, upvc double glazed windows, large kitchen, additional communal room and two bath/shower rooms. It is situated in central Exeter with easy access to both St Luke’s and Streatham University campuses as well as Exeter City Centre.

THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING

Ground floor:  Entrance door to

Vestibule: Quarry tiled flooring, dado rail, part glazed door to

Hallway: Radiator, feature arch, stairs rising to first floor

Kitchen/Diner: 5.82m (19'1") x 2.59m (8'6") maximum.

Radiator, stainless steel single drainer sink unit with hot and cold mixer tap, cupboards, drawers and appliance spaces below, plumbing for washing machine and dish washer, matching wall mounted cupboard units, cooker hood, wall mounted boiler supplying domestic hot water and gas central heating system, under stair recess.

Shower Room: Shower tray, wall mounted mains shower, pedestal wash basin, radiator, fully tiled surround, low level w/c, tiled flooring, extractor fan.

Communal Lounge: 3.78m (12'5") x 2.92m (9'7") into alcove.

Radiator, built in cupboard in alcove with shelving, covered fire place with a gas fire, tiled hearth, wood surround and mantel piece.

Bedroom One: 4.55m (14'11") x 3.45m (11'4") into bay and alcoves.

Radiator, covered fire place with tiled and wood surround and mantel piece, shelving in alcoves, ceiling architrave, aspect to the front.

First Floor Landing: Stairs to second floor

Separate W/c: With wash hand basin.

Bathroom: 1.70m (5'7") x 1.52m (5'0").

Panel bath with wall mounted electric shower, pedestal wash basin, radiator, fully tiled surround.

Bedroom Two: 4.57m (15'0") x 4.32m (14'2") into bay and alcove.

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

Bedroom Three: 3.78m (12'5") x 2.92m (9'7") into alcoves.

Radiator, wash hand basin with hot and cold mixer tap and cupboard below, tiled splash backs, built in cupboard with shelving and overhead storage cupboard, covered fire place with wood surround and mantel piece, aspect to the rear.

Bedroom Four: 4.01m (13'2") x 2.62m (8'7") plus door recess.

Radiator, aspect over rear garden.

Second Floor Landing: Access to roof space

Bedroom Five: 4.57m (15'0") x 3.63m (11'11") into alcove.

Radiator, covered fire place with wood surround and mantel piece, built in cupboard with shelving, aspect to the front.

Bedroom Six: 3.78m (12'5") x 2.92m (9'7") into alcove.

Radiator, wash hand basin with hot and cold mixer tap and tiled splash backs, cupboard below, built in cupboard with shelving, open aspect to the rear.

Outside

Rear Garden: Concrete patio area, laid to lawn with flower bed borders, pedestrian access to service lane.

Front Garden: Walled frontage.

Agents Notes:

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

EPC D (55)

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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