6 bedroom house share

A substantial six-bedroom HMO investment opportunity for sale in Mount Pleasant, let for the current academic year. The property will generate an income of £41,580 for the current academic year (inclusive of bills) and has been relet for the 2023/2024 academic year for the same amount, exclusive of bills.

This well-presented property is situated in the highly convenient location of Mount Pleasant. The property is within walking distance of the City Centre, St Luke's and Streatham University Campus', and the Royal Devon and Exeter Hospital.

Arranged over three floors, the accommodation comprises an attractive entrance porch with feature stained glass windows and decorative tiled flooring, hallway, communal living room, modern open plan kitchen/dining room with utility recess and ground floor cloakroom. There is one double bedroom on the ground floor, three bedrooms on the first floor and a further two bedrooms on the second floor. There are two shower rooms on the first floor.

Outside is an enclosed and low-maintenance rear garden which is laid with decorative stone chippings. There are two garden sheds, one of which provides access to a rear access pathway - ideal for bike access.

Early internal viewing is recommended for this excellent investment opportunity. A 360 Virtual Viewing is also available to view online.

Agents Note - The property is let for the current academic year at £630 per person per month over an eleven-month period. Generating a gross income of £41,580 (inclusive of bills) and providing a gross rental yield of 7.23%.

The property has been relet from September 2023 at a rent of £3,780 per month, excluding bills. Across eleven months this generates an income of £41,580 and a gross rental yield of 7.23%

Viewing Arrangements - Strictly by appointment with Naomi J Ryan Estate Agents.

Referral Fee Disclosure - We recommend sellers and/or potential buyers use the services of The Mortgage Quarter. Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them. You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.