Guide Price of £350,000

4 bed house for sale in Barrack Road, St Leonards, Exeter, EX2 (ref: 102879000483)

Shortlist

Key Features

  • Student Investment Property
  • Pre-Let for 2024/25 Academic Year
  • Rental income of £24,772
  • Four Bedrooms
  • Spacious Kitchen/Breakfast Room
  • Separate Communal Living Room
  • Opportunity to Increase the number of Bedrooms
  • Council Tax Band C (Exempt)
  • EPC D
  • Freehold

Video

A tried and tested Student investment property for well over a decade with an opportunity to increase the number of bedrooms subject to the necessary permissions from Exeter City Council. This property is Pre-Let for the upcoming 2024/25 academic year, with student numbers continuously rising (please see below) there is an opportunity to enter into this marketplace or add to your existing portfolio.

The University of Exeter student numbers have grown substantially over the last 5 years increasing by approximately 33% since 2017 with the numbers at approximately 30,012 for the 2021/22 academic year and highly likely to grow even more over the next decade. All the UG, PGT & PGR numbers have grown substantially over the last 5 years with the mean average being the above stated figure at 33% growth since 2017 - 2022.*

Exeter University is ranked within the top 150 prestigious QS World University Rankings 2022 placing it among the very best institutions worldwide, the University is also one of the highly distinguished 24 Russell Group Universities within the United Kingdom.

*This data is taken from the annual 1st December student census and represents the most up to date information about students for the stated academic year. Students which withdraw during the year will not be accounted for in these figures. The data is FTE including INTO, but excluding non-credit bearing students and inbound exchange students such as Erasmus.

SITUATION Barrack Road is situated within 0.3 miles of the University of Exeter's St Luke's Campus and approximately 2.4 miles away from the Streatham campus, the Royal Devon & Exeter hospital is within 0.5 miles of the property.

Within this location there are the highly acclaimed independent stores of Magdalen Road where you can find a superb range of indulgent stores from the likes of Bon Gout, St Leonard's Bakery, Ben's Farm shop, Gibson's Plaice fishmongers and many more. For supermarket shopping there is a Waitrose and Lidl within close proximity.

SERVICES All relevant services electricity, gas, water and drainage are all mains.

AGENTS NOTES This is a great opportunity to buy this Student Investment home which has been tried and tested for well over a decade. This property also has an opportunity to increase the number of bedrooms on offer subject to the necessary Exeter City Council permissions, a great opportunity for someone looking to add to their portfolio or a new student landlord looking to invest especially as the students numbers continue to grow.

KITCHEN/DINER 21' 3" x 9' 5" (6.48m x 2.87m) UPVC Double Glazing to Kitchen, single glazed to dinner. Built in Electric Hob and Single electric oven. Space for Washing Machine & Fridge Freezer. One & Half Bowl sink, Gas Boiler. UPVC Door to rear Courtyard Garden.

LOUNGE 13' 7" x 12' 2" (4.14m x 3.71m) Original Fireplace, with radiator, Single glazed wooden Sash Windows to Bay and exposed Wooden Floorboards.

BED 1 12' 3" x 10' 2" (3.73m x 3.1m) Single glazed wooden French Doors to Courtyard Garden. Radiator and built in cupboard.

BED 2 15' 8" x 13' 9" (4.78m x 4.19m) Original Fireplace, radiator, single glazed Sash Windows to Bay.

BED 3 12' 3" x 10' 2" (3.73m x 3.1m) Original Fireplace, Radiator, Single Glazed Wooden Sash Window.

SHOWER Single Glazed Window, Electric Shower, white sanitary ware and radiator.

BED 4 12' 10" x 9' 5" (3.91m x 2.87m) Single Glazed Wooden Sash Windows to Bay, with Original Fireplace and Radiator.

COURTYARD GARDEN With Rear Gate Access.

For further information and to book your viewing please contact our Investment Property Consultant Joanne Johns.

Stamp Duty Due

Based on a sale price of £350,000 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.

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

Property Images

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Further Details

  • Status: Available
  • Reference: 102879000483

Location

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