15 bed house for sale in Exeter, Devon, EX2 (ref: 102879000501)

Shortlist

Key Features

HMO Investment Property
15 Bedrooms
Compliant & Licensed with Exeter City Council
Upgraded in 2014
Fully Occupied (December 2022)
10.7% Gross Return
Two Communal Rooms
EPC D
Freehold
Income Circa £97k

A 15-bedroom house of multiple occupancy that comprises an entrance hall, dining area, utility, kitchen, living room, two shower rooms and five bedrooms to the ground floor. The first floor offers six further bedrooms and two shower rooms, on the second floor there are four further bedrooms, another kitchen, a shower room and a cloakroom. Outside to the rear is a well maintained low Maintenace garden.

SITUATION This property is a short distance away from the Exe Bridges and the City centre.

DIRECTIONS Please contact Brett Hampton who has a wealth of experience within the HMO / Student sector within the City for an informal conversation.. all financial figures on this HMO can be sent across to you.. there is also an opportunity to increase the current circa £97k income currently being achieved.

AGENTS NOTES This property has undergone a whole range of upgrading since 2014 having been rewired, replumbed and replastered! A fantastic opportunity to earn a substantial level of income with the ability to take the income to over £100k per annum once placing your own stamp on this house of multiple occupation.

A great degree of care and thought has gone into this property to keep the space fresh and accommodating for the discerning tenant. Let's have a chat and discuss the detail....

Stamp Duty Due

Based on a sale price of £850,000 the total amount of stamp duty payable will be:

Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.

What is Stamp Duty and how is it calculated?

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.