No longer on the market
This property is no longer on the market
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Floorplan
Map6 bedroom townhouse
Sold STC
Townhouse
6 beds
2 baths
1679
EPC rating: D
Key information
Tenure: Ask agent
Council tax: Ask agent
Broadband: Ultra-fast 600Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- 6 Bedroom HMO (House in Multiple Occupation)
- Generating a Gross Annual Income of £43,200 with a 7.51% Gross Rental Yield
- Currently Let to Professionals
- Well Presented Throughout
- Established Residential Area
An excellent opportunity to purchase a six bedroom HMO (House in Multiple Occupation), offering a superb investment opportunity and situated in the sought-after residential area of Heavitree. Currently let to professionals and generating a gross annual income of £43,200 with a 7.51% gross rental yield.
The house is within easy reach of Heavitree Park and the Royal Devon & Exeter Hospital. The property is conveniently located for access to major road links including the M5 and A30, and Polsloe Train Station is also within walking distance of the property.
Well presented and maintained throughout, the accommodation comprises entrance hall, modern fitted kitchen, separate utility room, ground floor shower room, separate living room, ground floor double bedroom, three first floor double bedrooms, first floor shower room, and two second floor double bedrooms. Outside is an enclosed courtyard garden with bike shed.
Viewing is highly recommended and a 360 Virtual Tour is available to view online.
Financial Information - Room Rents: Room 1 £625, Room 2 £650, Room 3 £575, Room 4 £575, Room 5 £600, Room 6 £575 - Total Income £3,600 monthly / £43,200 annual income with a gross yield of 7.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £613.79 monthly (based on August 2022) / £7,365.48 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £35,834.52 / Net Yield of 6.23%. Energy Rating D (56) / Potential Rating C (75)
Viewing Arrangements - Strictly by appointment with Naomi J Ryan Estate Agents on[use Contact Agent Button].
The house is within easy reach of Heavitree Park and the Royal Devon & Exeter Hospital. The property is conveniently located for access to major road links including the M5 and A30, and Polsloe Train Station is also within walking distance of the property.
Well presented and maintained throughout, the accommodation comprises entrance hall, modern fitted kitchen, separate utility room, ground floor shower room, separate living room, ground floor double bedroom, three first floor double bedrooms, first floor shower room, and two second floor double bedrooms. Outside is an enclosed courtyard garden with bike shed.
Viewing is highly recommended and a 360 Virtual Tour is available to view online.
Financial Information - Room Rents: Room 1 £625, Room 2 £650, Room 3 £575, Room 4 £575, Room 5 £600, Room 6 £575 - Total Income £3,600 monthly / £43,200 annual income with a gross yield of 7.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £613.79 monthly (based on August 2022) / £7,365.48 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £35,834.52 / Net Yield of 6.23%. Energy Rating D (56) / Potential Rating C (75)
Viewing Arrangements - Strictly by appointment with Naomi J Ryan Estate Agents on[use Contact Agent Button].