Offers Over £520,000

5 bed house for sale, EX4 (ref: 102879000570)

Shortlist

Key Features

  • INVESTMENT OPPORTUNITY
  • 5 BEDROOM LICENSED HMO
  • FULLY LET FOR 2024/2025
  • 2024/2025 INCOME: £33,000pa
  • PRIME LOCATION
  • POTENTIAL TO ADD 6TH BEDROOM
Set within this most popular area is this five bedroom student HMO producing a good yield and income. Positioned a short distance from the main University of Exeter Streatham Campus and the City Centre. Extremely popular with students and exempt from Article 4 Restrictions making this an ideal investment and student property.

This property briefly comprises an Original Period Detail Porch leading to the entrance hall with Original exposed Pine floorboards throughout the Ground & First Floor. Lounge/kitchen, and bedroom 1 & 2 and shower room to the ground floor. To the first floor is the landing, bathroom and bedroom 3, bedroom 4 and 5 can be found on the first floor. To the rear is a spacious courtyard garden providing outside space with rear access gate.

ENTRANCE HALLWAY Original Double opening doors with glazing from the Porch and wooden floors with radiator.

KITCHEN 19' 8" x 6' 7" (6.0m x 2.02m) Off of the Living area is a well equipped kitchen. Range of base and wall units with White UPVC Double Glazing, Washer/Dryer, Dishwasher, Fridge/Freezer, Free standing Electric Cooker, and Gas Boiler.

LOUNGE 10' 11" x 12' 3" (3.34m x 3.75m) radiators with original Pine floorboards, and original French doors onto conservatory area containing

DINING/CONSERVATORY 7' 10" x 18' 9" (2.40m x 5.72m) with dining area and access to the courtyard garden and shower room.

SHOWER ROOM 7' 10" x 3' 7" (2.40m x 1.1m) Ground floor shower room with white sanitaryware.

BEDROOM 1 12' 2" x 9' 4" (03.72m x 2.87m) accessed via inner hallway into ground floor double bedroom with UPVC Double Glazing and Radiator.

BEDROOM 2 9' 4" x 12' 0" (2.87m x 3.67m) Ground floor double bedroom with UPVC Double Glazing and radiator.

BEDROOM 3 12' 2" x 7' 5" (3.72m x 2.27m) First floor double bedroom with UPVC Double Glazing and Radiator

BEDROOM 4 12' 0" x 9' 4" (3.67m x 2.87m) First floor double bedroom with UPVC Double Glazing and Radiator.

BEDROOM 5 10' 2" x 11' 11" (3.10m x 3.65m) First floor double bedroom with UPVC Double Glazing and Radiator.

BATHROOM 8' 10" x 4' 4" (2.7m x 1.33m) First floor bathroom with shower over bath, and white sanitaryware & UPVC white Double glazing.

COURTYARD GARDEN Accessed via wooden glazed door from conservatory area to Spacious low maintenance Patio within Courtyard Style Garden with Gate to to Rear Access.

AGENTS NOTES This property has been owned by the current owner since 2017 when they created a 5th Bedroom, a good history of renting each year and currently has students in occupation for the 2023/24 academic year and let for 2024/2025 Academic Year.

For more information or to book an appointment please contact Joanne Johns at Star Investment Properties.

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.

LOCATION 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, extremely popular with students and exempt from Article 4 Restrictions making this an ideal investment and student property.

Stamp Duty Due

Based on a sale price of £520,000 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: 102879000570

Location

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