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Okehampton Road, Exeter, EX4 7 bed end of terrace house for sale
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
This property, a 7-bed, 7-bathroom HMO located on Okehampton Road in Exeter, offers a prime investment opportunity. The property benefits from a strong tenant demand, excellent connectivity, and a thriving economy, making it an attractive destination for professionals, students, and families. With an annual rental income of £60,000 and operating costs of £7,900, the property yields a net annual income of £52,100, providing a 9% net yield. The property's central location, outside the Article 4 area, ensures minimal maintenance and a stable rental income. Additionally, the property's proximity to key employment hubs, shopping districts, and cultural attractions makes it an appealing destination for tenants. With its strong financial performance, competitive yields, and quality of life appeal, this property is an excellent addition to any investor's portfolio.