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7 bed end terrace house
Okehampton Road, Exeter EX4
£550,000
Okehampton Road, Exeter EX4
£550,000
Our Summary
- Attractive HMO Investment Opportunity
- 45 and 47 Okehampton Road is a robust investment opportunity, delivering steady rental income and competitive yields
Description
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Here is a summary of the property description in a single paragraph without a list:
This attractive HMO investment opportunity is located in Exeter, a vibrant city with a strong economy and high demand for rental properties. The property, comprising two mid-terraced houses, offers 7 bedrooms and 7 bathrooms, providing a stable income stream through its 7 tenants. With an annual rental income of £60,000 and operating costs of £7,900, the property yields a net annual income of £52,100, representing a 9% net yield. The property's central location, just outside the Article 4 area, ensures easy access to employment hubs, shopping districts, and cultural attractions, making it an attractive investment opportunity for those seeking a strong and stable return on investment.