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A well presented three bedroom established student HMO with a current contract for 2023/2024 and a tenancy agreement in place for the 2024/2025 academic year generating an exclusive rental income in the region of £24,000 over that period.
The property benefits from gas fired central heating, part upvc double glazed replacement windows and conservatory door, and a pleasant rear courtyard garden.
A good location for both Exeter University’s Streatham and St Luke’s campuses and Exeter City Centre.
Description
This is a very well presented three bedroom end terraced student investment property with a current tenancy in place and a tenancy in agreed for the 2024/2025 academic year with an exclusive income in the region of £24,000. The property benefits from gas fired central heating, part upvc double glazed replacement windows, communal living room, kitchen leading to a small conservatory, bathroom with separate shower cubicle and a pleasant enclosed rear courtyard garden. It is situated in a good student location handy for both Exeter University’s Streatham and St Luke’s campuses as well as Exeter City Centre.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING
Ground Floor: Entrance door to
Vestibule: Ceiling architrave, part glazed door to
Hallway: Radiator, feature arch, coat hooks, stairs rising to first floor.
Bedroom One: 4.29m (14'1") x 3.45m (11'4") into bay and alcove.
Radiator, picture rail, ceiling architrave, shelving in one alcove, aspect to the front.
Living Room: 4.52m (14'10") x 3.30m (10'10") into alcove.
Open plan to the staircase with a cupboard below housing gas and electric meters, radiator, picture rail, central ceiling rose, shelving in one alcove, French doors opening into the conservatory.
Kitchen: 2.95m (9'8") x 2.36m (7'9") into door recess.
Stainless steel single drainer sink unit with hot and cold mixer tap set in work surfaces with cupboards, appliance spaces below, plumbing for washing machine, tiled splash backs, cooker panel, appliance space for fridge/freezer, extractor fan, door to
Conservatory: 2.57m (8'5") x 1.35m (4'5")
Upvc double glazed door to rear garden.
First Floor Half Landing:
Bathroom/Wc: 3.07m (10'1") x 2.87m (9'5")
Heated towel rail, panel bath with hot and cold mixer tap, wash hand basin with hot and cold mixer tap, cupboard below, close coupled w/c, separate shower tray with wall mounted mains shower and screen door, access to small roof space, part tiled surround, extractor fan.
First Floor Landing: Access to roof space.
Bedroom Two: 4.50m (14'9") x 4.34m (14'3") into bay and alcove.
Radiator, covered fireplace with wood surround and mantel piece, built in wardrobe with overhead storage cupboard and shelving in alcoves, aspect to the front.
Bedroom Three: 3.33m (10'11") x 2.90m (9'6")
Radiator, picture rail, cast iron fire grate with wood surround and mantel piece, built in wardrobe with overhead storage cupboard and shelving in alcoves, aspect to the rear.
Outside
Rear Garden: Enclosed courtyard garden with paved flooring, flowerbed borders, pedestrian access to service lane, storage cupboard housing wall mounted boiler supplying domestic hot water and gas central heating.
Agents Notes:
Council Tax: Exeter City Council – Band B (Currently zero rated)
EPC E (53)
Cardens Residential has not had sight of the tenancy agreements in order to verify the rental income.
The property has been continuously used to accommodate students since at least 2010 and is established for C4 Use. 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.
