This property is no longer on the market
8 bedroom townhouse
Key information
Property description & features
- Tenure: Freehold
- 4 Storey Georgian Townhouse
- 2 Flats
- 6 HMO Rooms with kitchens
- Garden
- Off road Parking
- Grade 2 listed
- Excellent Investment Property
The property has the potential to make improvements and command higher rents. It’s in an area that’s likely to be popular with single-room tenants but not so popular you have to contend with Article 4.
The property can command a rental income of £64,800 pa / £5,400 pcm from the individual rooms and flats let out.
The layout doesn’t allow you to make any significant structural changes, so you couldn’t create more self-contained flats. But you do still have plenty of scope to upgrade what’s here, to attract premium rents.
Do that and potentially you could turn your rent roll into £82,800pa / £6,900pcm. That's another £18k per year to upgrade the fixtures and some stylish new furniture.
The other advantage of making improvements will be the chance to potentially refinance based on the higher done-up value or expected income.
There are two 1 bedroom flats, each with a separate bedroom, living room, shower and kitchen.
Flat 4 is the pick of the two, as this also has a sunroom and private access to the low-maintenance back garden however you might want to open up the driveway to include the garden area for more off-road parking.
There are 6 double bedrooms spread throughout the four floors. The 6 rooms share three shower rooms on the first floor so 2 rooms per shower room. All bedrooms have their own kitchen.
It’s approximately one mile to the Royal Devon & Exeter Hospital and approximately one and a half miles into town and it’s on a main bus route, meaning many tenants may not have a need for a car.
If they do have a car there is parking for up to three cars on the driveway providing they don't mind parking one behind the other or there is the scope to turn the garden into a larger parking area, where they could come and go as they please.
There are also three garages available subject to separate negotiations.
Are you interested in a good cash-flowing HMO that’s in a location likely to attract both professional tenants who work in town or hospital workers?
It’s all set up and just waiting for you to serve the Section 3 (change of ownership) notice and give the tenants your bank details.
If you’re keen to find out more call today to arrange a viewing.
Council tax band: D
Places of interest
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Property reference ZMarkDunnKW0003479353. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams Plus - Essex.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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