This 4 bedroom student investment is let for this academic year and going to the market for 24/25 year at an increased rent exclusive of bills. This property briefly comprises an entrance hall, bedroom one, lounge and kitchen to the ground floor. The first floor offers three further bedrooms, bathroom and landing. Outside is a courtyard garden to the rear.
SITUATION The property lies within Mount Pleasant an area where there is an abundant number of student homes, additionally also situated within the vicinity of the University of Exeter's main Streatham Campus, St Lukes Campus, the City of Exeter's High Street & Cathedral all being approximately within 2.5 miles of the properties location. There are a range of convenience stores close by.
The University of Exeter student numbers have grown substantially over the last 5 years increasing by approximately 26% since 2018 with the numbers at approximately 29,776 for the 2022/23 academic year and highly likely to grow even more over the next decade.
Exeter University is ranked within the top 200 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.
DIRECTIONS For further information and to book your viewing please contact Jennifer Wreford.
AGENTSNOTES This property has been owned by the current owner since 1996, it has a good history of renting each year.
The rent for the current academic year 2023/24 is:-
4 bedrooms at £140 per week x 48 week agreement. = £26,880
This will increase to £145 per week for the 24/25 academic year x 48 = £27,632
Stamp Duty Due
Based on a sale price of £379,950 the total amount of stamp duty payable will be:
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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.