£550,000

5 bed house for sale in Victoria Street, Exeter, EX4 (ref: 102879000552)

Shortlist

Key Features

  • Prime Location
  • 5 Double Bedrooms
  • Potential to add a 6th bedroom
  • Let for 2024/2025
PRELIMINARY DETAILS STUDENT INVESTMENT PROPERTY - A FIVE BEDROOM licenced HMO in a prime location for student accommodation. Currently occupied by students and pre-let for 2024-25 academic year producing an annual income of £43,200.

Potential to create a 6th Bedroom. Previous Planning Granted and Architect Drawings available to show Ground Floor extension to create required living area to meet HMO standards if a 6th Bedroom were to be created.

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.

The property lies within a central City location within close proximity of the University of Exeter's main Streatham Campus and additionally the High Street, making this an ideal investment and student property.

This property has been owned by the current owner for 30 years, with an excellent history of renting each year and currently has students in occupation for the 2023/24 academic year and let for 2024/2025 Academic Year.

KITCHEN/BREAKFAST ROOM 6' 0" x 20' 7" (1.85m x 6.276m) with Tiled floor throughout, UPVC double Glazing and UPVC Door to Garden. Range of Wall and base units with spaces for Washing Machine, Tumble Dryer, and under counter Fridges and Freezers. Built in Electric Hob, Electric Single Oven and Extractor. There is also a loft hatch to access the single story roof extension.

LOUNGE 9' 8" x 12' 3" (2.965m x 3.750m) with UPVC Double glazing and radiator.

BED 1 11' 3" x 11' 3" (3.432m x 3.440m) with UPVC double glazing, radiator and single wash Basin.

WC with white sanitary ware and Combi-Boiler. Single obscured glazed wooden window.

BED 2 15' 2" x 11' 4" (4.624m x 3.469m) UPVC double glazed widows, radiator and single wash Basin.

BED 3 9' 8" x 12' 3" (2.965m x 3.75m) with UPVC Double Glazed Window, radiator and single wash basin. Original Fireplace.

BED 4 7' 4" x 13' 7" (2.245m x 4.144m) Attic Room with Skylight single wash basin and radiator.

BED 5 6' 7" x 13' 7" (2.030m x 4.148m) Attic Room with Skylight, single wash basin and radiator.

SHOWER ROOM 5' 8" x 3' 9" (1.738m x 1.144m) Shower Cubical and radiator.

BATHROOM 9' 7" x 5' 11" (2.924m x 1.821m) Shower over bath, with toilet and basin UPVC Double Glazed Window and radiator.

Stamp Duty Due

Based on a sale price of £550,000 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: 102879000552

Location

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