For Sale5 Bedroom House in Pinhoe Road, Exeter, Devon, EX4£420,000
Property Type
House
Bedrooms
× 5
Bathrooms
× 1
Receptions
× 1
Tenure
Freehold
Price
£420,000
Key Features
- Fully licensed hmo located within the article four area of exeter.
- Turn key investment, furnished and ready to go.
- Five bedroom mid terrace house.
- Located on a prime student road with easy access to the city and university campus.
- Potential rental income of £37,500 per annum.
- The property could be rented as a six bed to increase income to £45,000
Resources
Description
A rare opportunity to purchase a fully licensed five double bedroom HMO located on a sought-after student road. The property is fully furnished and has no onward chain. Currently let for academic years 2024/2025 & 2025/2026.
A rare opportunity to purchase a fully licensed five double bedroom HMO located on a sought-after student road. The property is fully furnished and has no onward chain.
Ground floor:
The ground floor comprises of two large reception rooms and a kitchen/breakfast room. The sitting room is currently configured as a bedroom with the dining room providing a communal space. However, the dining room could be used as a bedroom as well, if you decided to extend the breakfast room.
First Floor:
The first floor provides three double bedroom and a modern bathroom with a stand in shower cubicle, wash basin and low level W/C.
Second Floor:
A large double bedroom is situated on the second floor.
Outside:
Rear Garden: Fully enclosed, low maintenance garden, mostly laid to lawn, door giving access onto the service lane.
Location:
Pinhoe road is a prime location to attract student tenants due to the easy access to the city centre, campus, local supermarkets and amenities.
Exeter is a vibrant small city that really packs a punch with its many restaurants, shops, pubs, bars and historical sights. The rest of the country is easily accessible from Exeter due to its many transport links including two train lines to London (London Paddington 120 minutes), Exeter airport and the M5 motorway.
Agents Note:
This property in located within the Article Four area of Exeter. This area is designed to restrict the amount of HMO lets in the area. 7 Pinhoe road is a fully licensed HMO with permission to operate within Article Four.
Property information:
Tenure: Freehold
Council tax band: C
Services:
Mains gas, electric, water and drainage.
Broadband: Superfast broadband available (checked on openreach) fibre to cabinet
Mobile: We understand that full mobile coverage is available (checked on Ofcom)
PLEASE NOTE:
Our business is supervised by HMRC for anti-money laundering purposes. If you make an offer to purchase a property and your offer is successful, you will need to meet the approval requirements covered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. To satisfy our obligations we use an external company to undertake automated ID verification, AML compliance and source of funds checks. A charge of £10 is levied for each verification undertaken.