For Sale5 Bedroom House in Monks Road, Exeter, Devon, EX4£550,000

An exceptional opportunity for investors or landlords seeking a fully compliant, high-yielding HMO. Situated in a prime location close to the heart of Exeter, this property offers an attractive blend of spacious accommodation, modern amenities, and strong rental potential, making it ideal for both student and professional tenants. A fully licensed five bedroom HMO within the article Annual rental income for 25/26 is £37,653. A well presented five bedroom mid-terrace HMO with a garden located on the sought after Monks Road. The property is accessed via a flat path from the street with steps up leading to a front door. Front door through to a good sized hallway with original flooring. Doors giving access to the bedrooms and kitchen/ dining room. Ground Floor: Bedroom: Bay window, views over the front aspect, original fireplace, coving, picture rail and radiator. Bedroom: Another double, coving, picture rail, French doors giving direct access into the garden, radiator. Kitchen/Dining Room: Understairs cupboard, a range of wall and base units, stainless steel sink with mixer tap, gas hob with extractor over, electric ovens, a good sized dining area with patio doors giving access to the attractive rear garden, radiator. Stairs up.... Original flooring throughout the first floor. Bedroom: A good double, bay window to front aspect, pciture rail, shelving, radiator, door through to ...... En-suite: Walk in shower with attractive tiling, low level WC and pedestal wash hand basin. Bedroom: Double bedroom, feature fireplace, window over rear aspect, radiator. Bedroom: Another double, window over rear aspect, radiator. Bathroom: Panelled bath with shower over, low level WC and pedestal wash hand basin, obscure window over rear aspect, radiator. Garden: A lovely feature of this property with low maintenance patio and gravelled areas, pond, shed and gate giving access to rear service lane, perfect for bikes. Current tenancy: The property is currently tenanted for this year and 25/26. 25/26 academic year generating an income of £37,653. Agents note: The property has a full HMO licence and a certificate of lawfulness to operate within Article four. Location: 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. Monks Road is a prime location to attract tenants due to the easy access to the city centre, campus, local supermarkets and amenities. Residents permit parking is available. Property information: Mains Electricity, gas, water and drainage. Council tax band C Broadband: Ultrafast Broadband is available (checked on Openreach) with fibre to the cabinet. Mobile: We understand that full mobile coverage is available (checked on Ofcom) Restrictive covenants: There are restrictive covenants on this property, please contact us for more information. Tenure: Freehold Residents parking permits available. 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 £25 is levied for each verification undertaken.