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Area statsGuide price
£995,00012 bedroom detached house for sale
Church Road, Exeter
Added today
Detached house
12 beds
6 baths
Key information
Features and description
- Superb investment opportunity
- 12 unit HMO
- 4 self contained flats/studios
- 8 rooms with shared bathrooms
- Newly refurbished
- £10k per month rent
- 12% yield
- Further development opportunity
A rare and compelling investment opportunity in Alphington, Exeter, this fully refurbished and licensed HMO offers exceptional long term potential. Configured to deliver strong rental returns from day one, it offer investors an immediate return with further development potential from a large barn and sizeable plot.
THE PROPERTY
Fairfax House has been newly and comprehensively refurbished throughout and comprises 12 letting units; 4 self contained flats/studios and 8 spacious rooms with kitchenettes and shared bathroom facilities.
Recent works include a new EICR, Grade A fire system, completed FRA actions, keyless entry and a new roof, ensuring full compliance and immediate operational readiness.
The ground floor accommodation comprises two self-contained units; one studio with nice feature bay window, and one apartment with kitchen/living room and separate bedroom. The accommodation is completed by a large unit with separate living room kitchen and bedroom.
The first floor offers two self-contained studios and two rooms with shared bathroom.
The second floor comprises 5 further rooms, with shared bathroom.
In addition to the main house, there is a large barn with development potential to be extended into a further dwelling (STP).
The main house boasts over 4000 sqft of accommodation and the total plot extends to approximately ¼ acre, with space to the rear of the building currently utilised as parking for residents. There is potential for development of the site to the rear of the house, subject to planning consents.
At full capacity the property will be generating annual revenue of circa £120,000, thus offering a 12% yield. Full management is available from a specialist HMO management agent.
THE LOCATION
Situated in sought after Alphington, the property enjoys excellent access to the A30 and M5, and is moments from Marsh Barton, a major employment centre. Alphington village provides local amenities and a welcoming community feel, while the surrounding Devon countryside offers attractive lifestyle appeal for tenants. This combination of accessibility, demand and setting makes it a highly desirable and resilient location for investment.
SERVICES
Local Authority: Exeter City Council
Council Tax Band: F
Tenure: Freehold
Heating: Electric Heating
Services: Main water supply and mains drainage
Energy Efficiency Rating: N/A, Exemption granted
Flooding- This is deemed to be very low risk for rivers & seas and very low for surface water.
Internet- We understand that standard, superfast and ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps.
Mobile Phone signal - Several networks are currently displayed as available at the property.
AGENT'S NOTES
At the time of preparing these particulars, the units were in the process of being let and therefore exact rental figures are tbc.
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers. There is a nominal charge of £24 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request. Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme). It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
Council Tax Band: F
THE PROPERTY
Fairfax House has been newly and comprehensively refurbished throughout and comprises 12 letting units; 4 self contained flats/studios and 8 spacious rooms with kitchenettes and shared bathroom facilities.
Recent works include a new EICR, Grade A fire system, completed FRA actions, keyless entry and a new roof, ensuring full compliance and immediate operational readiness.
The ground floor accommodation comprises two self-contained units; one studio with nice feature bay window, and one apartment with kitchen/living room and separate bedroom. The accommodation is completed by a large unit with separate living room kitchen and bedroom.
The first floor offers two self-contained studios and two rooms with shared bathroom.
The second floor comprises 5 further rooms, with shared bathroom.
In addition to the main house, there is a large barn with development potential to be extended into a further dwelling (STP).
The main house boasts over 4000 sqft of accommodation and the total plot extends to approximately ¼ acre, with space to the rear of the building currently utilised as parking for residents. There is potential for development of the site to the rear of the house, subject to planning consents.
At full capacity the property will be generating annual revenue of circa £120,000, thus offering a 12% yield. Full management is available from a specialist HMO management agent.
THE LOCATION
Situated in sought after Alphington, the property enjoys excellent access to the A30 and M5, and is moments from Marsh Barton, a major employment centre. Alphington village provides local amenities and a welcoming community feel, while the surrounding Devon countryside offers attractive lifestyle appeal for tenants. This combination of accessibility, demand and setting makes it a highly desirable and resilient location for investment.
SERVICES
Local Authority: Exeter City Council
Council Tax Band: F
Tenure: Freehold
Heating: Electric Heating
Services: Main water supply and mains drainage
Energy Efficiency Rating: N/A, Exemption granted
Flooding- This is deemed to be very low risk for rivers & seas and very low for surface water.
Internet- We understand that standard, superfast and ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps.
Mobile Phone signal - Several networks are currently displayed as available at the property.
AGENT'S NOTES
At the time of preparing these particulars, the units were in the process of being let and therefore exact rental figures are tbc.
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers. There is a nominal charge of £24 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request. Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme). It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
Council Tax Band: F
Area statistics
Crime score
Low crime
2/10
About this agent
Robert Williams Estate Agents have been specialising in selling and letting quality property across Devon, for over 25 years. During this time, we've accumulated an excellent track record through our dedication and commitment to our buyers, sellers, landlords and tenants. Our highly experienced team strive to combine our traditional values with cutting-edge technology and marketing presentation, in order to provide a best-in-class Estate Agency service. When working with us, our clients appreciate the personal service we deliver, tailored to their needs. Many of our customers come back to us again and again, and much of our business is driven via referrals. We are proud to be one of the county’s top rated agencies for customer reviews. Selling? – Our bespoke service combines a wealth of property experience with top quality marketing presentation Our sales team, headed by Managing Director Oliver Williams, brings a wealth of property selling experience, covering a complete range of property styles, including character/listed buildings, new homes and auctions. We will advise you on the best selling method for your property and create a bespoke marketing plan for you. When listing a property everything that we do is geared toward marketing and promoting the home in the most professional, creative and comprehensive manner possible. We believe that presentation is the key to obtaining the best price possible from a reliable buyer. Our marketing plans are bespoke and include professional photography, video walk-throughs, drone video/photography and 3D virtual tours. We will work with you to decide the best requirements for your property and we're confident that our exceptional presentation combined with comprehensive, targeted coverage and an approachable, ever-enthusiastic attitude, make us the best agent to act for you. Why not call or email us for a chat or to book a free, no obligation valuation and marketing appraisal to see what we can do. Our role is not just to find you a buyer, but rather to effectively manage your whole move or the whole transaction through to completion. Letting? - Our dedicated team will find you great tenants, as quickly as possible Our philosophy of providing exceptional, personal service, is vitally important to our lettings department, as we build relationships with our Landlords and tenants which continue for many years. Lettings Manager Sarah Coleman and her team work with all types of clients, from professional portfolio landlords to investors with individual properties. If you have a property to let, we will offer you expert advice on how to best present the property in order to attract great tenants, as well as helping you to ensure that you meet all of the every-growing list of compliance requirements. Our clients appreciate that they can relax in the knowledge that their investment is in safe hands, and that they are always dealing with staff who know what's going on with their property. If you would like to know more, please do get in touch. We are an independent business and prefer to focus on what we do best – selling and letting property. This means you will not be pressured into using associated services such as in house conveyancing, surveying or mortgage advice. When we make recommendations for these services it is because we believe it will be in your best interest. As a member of the ‘Experts in Property’ organisation, our marketing coverage is expanded through a network of 80 independent agencies across the South West, promoting our properties to their customer base. This also includes a London office which showcases our listings to buyers from the South East. As well as many of our team holding professional qualifications from the likes of ARLA and NAEA, our business is registered to and regulated by the RICS, giving our clients further peace of mind that they are working with a highly professional organisation. A marketing consultation from is without obligation, so please get in touch - we would be genuinely delighted to hear from you.