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Pennsylvania Road, Exeter, EX4 6 bed townhouse for sale
Pennsylvania Road, Exeter, EX4
£599,950
Pennsylvania Road, Exeter, EX4
£599,950
Our Summary
- There is certainly scope for this income to be improved upon in the future
Description
This is an excellent investment opportunity to acquire a large and centrally located 6-bedroom HMO property in Exeter, generating a gross return of 7.6%. The property, located on Pennsylvania Road, is within walking distance to the University Campus and city centre, making it extremely popular with students. The property has been newly refurbished on the ground floor and has a courtyard garden to the rear. It is currently let for the next two academic years at £160 per week per person, generating a gross annual income of £45,870. The property has six double bedrooms, two main bathrooms, and an ensuite bedroom, as well as a large living room and kitchen. With its prime location and stable income, this property offers a fantastic investment opportunity for anyone looking to capitalize on the Exeter student market.