7 bedroom semi-detached house for sale

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7 bedroom semi-detached house for sale

Pinhoe Road, Exeter, Devon, EX4
£500,000

Our Summary

  • Offering seven generously sized double bedrooms, five of which benefit from private en-suite bathrooms, this well-maintained home is an excellent investment opportunity
  • Property Features:• Inviting entrance hallway with a warm and welcoming feel• Modern, well-equipped kitchen with a range of wall and base units• Spacious and comfortable living room, ideal for relaxing or socialising• Seven well-proportioned double bedrooms• Six bathrooms, including five en-suites and one shared, all with contemporary three-piece suitesAdditional Information:• Tenure: Freehold• Fully double glazed throughout• Gas central heating• EPC Rating: D• Council Tax Band: E• Private garden to the rearInvestment Highlights:• Currently generating a gross annual income of £55,500• Landlord covers utility bills, including council tax, at an estimated annual cost of £11,388• Potential to convert to a student HMO model, allowing tenants to pay their own billsRoom-by-Room Breakdown:• Room 1 (En-suite): £700 pcm• Room 2 (En-suite): £700 pcm• Room 3 (En-suite): £700 pcm• Room 4: £575 pcm• Room 5: £550 pcm• Room 6 (En-suite): £700 pcm• Room 7 (En-suite): £700 pcmThis is a rare opportunity to acquire a high-yielding, well-run HMO in excellent condition with future flexibility to switch to student accommodation, further enhancing its profitability
  • Viewing is highly recommended to fully appreciate the size and potential of this property

Description

This beautifully presented 7-bedroom semi-detached HMO in Exeter, Devon, offers a fantastic investment opportunity. The property features an inviting entrance hallway, modern kitchen, spacious living room, and seven generously sized double bedrooms, five of which have private en-suite bathrooms. The property is fully let and generates a gross annual income of £55,500, with the landlord covering utility bills, including council tax, at an estimated annual cost of £11,388. The property has a private garden to the rear and is located in a sought-after area of Exeter. With its high-yielding potential and flexibility to convert to a student HMO model, this property is a rare opportunity for investors. Viewing is highly recommended to fully appreciate the size and potential of this property.