11 bedroom house for sale

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11 bedroom house for sale

Old Tiverton Road, Exeter
£1,000,000

Our Summary

  • Additionally, there exists promising development potential, allowing for the extension of the main building or construction of a mews house in the garden (subject to planning permission)

Description

This investment property consists of 11 fully occupied flats, generating a net income of £93,200.30 through rent payments. The property has potential for further development, allowing for the extension of the main building or construction of a mews house in the garden (subject to planning permission). Located in a highly desirable central area, this property presents an excellent opportunity for investors, with a total gross income of £98,400 and total outgoings of £2,890.14 for council tax and £2,309.83 for water. The tenants in each flat pay their respective bills, except for water, contributing to the property's overall net income.
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