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No longer on the market

This property is no longer on the market

EPC

33 bedroom terraced house

Terraced house
33 beds
10 baths
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • Prime Student Investment Portfolio
  • Situated Close to the University of Exeter's Streatham Campus
  • A Tried & Tested Portfolio for well over a Decade
  • Potential to Increase Income
  • Well Maintained Throughout
  • Development Opportunity to Increase Bedrooms within this Portfolio S.T.P
  • University of Exeter Student Population has Increased 24% Over last 5 Years
  • Retirement Sale
A prime positioned, well maintained student investment portfolio within close proximity to the University of Exeter's main Streatham Campus and more importantly a tried & tested property portfolio for well over a decade that has been earning a substantial amount of income over the years.

This portfolio is all Pre-let for the 2021/22 academic year, if a sale hasn't completed by the October/November marketing year for the following 2022/23 academic year this portfolio will be Pre-let for the new buyer, where the current owner is looking to increase the income by uplifting the rent per week across the whole portfolio.

The University of Exeter student numbers have grown substantially over the last 5 years increasing by approximately 24% since 2016 with the numbers at approximately 27,296 for the 2020/21 academic year and highly likely to grow even more over the next decade. All the UG, PGT & PGR numbers have grown substantially over the last 5 years with the mean average being the above stated figure at 24% growth since 2016 - 2021.*

Exeter University is ranked within the top 150 prestigious QS World University Rankings 2022 placing it among the very best institutions worldwide, the University is also one of 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 detailed information please contact Brett Hampton who has a wealth of experience within the Student Investment / Commercial marketplaces & the High End Residential market within our Exeter City Office.  

SITUATION The portfolio lies within Pennsylvania Road, Springfield Road, Mowbray Avenue and a further location all of which is set in the prime of the prime student accommodation area within the Cathedral city of Exeter.

Situated in the vicinity of the University of Exeter's main Streatham Campus, the City of Exeter's High Street & Cathedral all being within a short distance of within 1.5 miles. 

AGENTS NOTES A highly desirable student investment portfolio that has been tried and tested for well over a decade, continues to produce exceptional income with further potential to increase the revenue currently on offer which is within the vicinity of a quarter of a Million pounds per annum.

These five properties have been exceptionally well maintained to a very high standard over the years and have been continuously looked after throughout their history, an ideal investment portfolio for someone / company to continue to achieve exceptional levels of income with these five student investments.

In our opinion there is further opportunity to grow this portfolio in relation to income currently being achieved and also within the prospect of developing two of these properties further to increase more bedrooms within this portfolio.

NB This Portfolio is for five properties and will not be split. You may be asked to provide evidence of ability to purchase before being able to book a viewing on this portfolio. 

About this agent

Rosewood Property - Exeter
Rosewood Property - Exeter
Rosewood Property, Rosewood House, 6 Northernhay Place Exeter, Devon EX4 3QJ
01392 976781
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Sell or let your home for the best price with your local independent experts. Welcome to Rosewood Property a modern, innovative, forward thinking estate agency with property experts and marketing specialists enhancing every aspect of selling your property whether you are situated in the city of Exeter, surrounding towns, villages, countryside or within a coastal location. We offer a wide range of property selling & letting services together with being specialists in the modern method of auctions. Our deep proficient knowledge of the market place complimented by our valuable property expert’s consistent results, reliable service, strong links with the local communities and exemplary attention to detail makes us well known and trusted within the market. Our professionals have a combined experience of over 50 years working within the industry selling and letting thousands of homes. Senior members are proud members of either the National Association of Estate Agents (NAEA) or the Association of Residential Letting Agents (ARLA), other team members are either fully qualified or working towards qualification.
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