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Investment Opportunity, Alphington Street, Exeter

PROPERTY TYPE

House of Multiple Occupation

BEDROOMS

7

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Exciting Investment Opportunity
  • Fully Let as a professional house share
  • 7 Double Bedrooms with generous communal space
  • Convenient location close to City Centre

Description

INVESTMENT PROPERTY (Gross yield 7.85%) - A high quality Victorian terraced townhouse with 7 double bedrooms - an exciting investment opportunity!

This spacious 7 bedroom property has been recently refurbished throughout to provide professionals with high quality accommodation . Currently Let as a professional house share, each room is rented on an individual basis with shared use of communal areas.

Each room comes with a full complement of high quality furniture; a double bed with built in storage, large wardrobe, chest of drawers, bedside table and desk with chair. The house has a large kitchen with allocated cupboard space for each tenant and a full range of appliances. The kitchen has plenty of space for the number of occupants and there is a large dining area to create a nice social space. There is a living room with a flat screen TV and patio doors leading out to a large rear garden. On the upper floors there are two spacious shower rooms. High speed broadband is provided throughout the property and there is also a private drive/parking space at the front.

The property is located on Alphington Street, a short walk from the city centre and St Thomas - ideal for anyone working in the city or Marsh Barton. There are plenty of nearby bus routes, the St Thomas train station is only a few minutes away and there is easy access out of town to the M5/A30 junctions.

The house is fully let and demand for rooms is always high. The property is currently generating a gross annual income of £44040 which represents a return of approximately 7.85% however there is scope for this to be improved. A full breakdown of income and running costs can be provided upon request.

Tenure: Freehold
EPC Rating: C
Council Tax: Exeter City Council - Band D

Brochures

Property BrochureFull Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: D
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Investment Opportunity, Alphington Street, Exeter

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About Hellier Ridley, Exeter

Elmbrook House, New North Road, Exeter, EX4 4LA
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Hellier Ridley Ltd offer professional property services with a personal touch. We are a well-established team, with nearly 50 years’ combined experience in the local market.

Covering small to large letting portfolios and all ends of the sales market, we blend deep local knowledge with a friendly, relationship-focussed approach. Our business is built around industry leading tools and technology to provide each of our clients the best possible service at a more competitive cost.

Whether you're selling, letting, or just seeking guidance, feel free to get in touch - no pressure, just honest advice.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,605
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 12687151. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hellier Ridley, Exeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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