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7 bedroom end of terrace house for sale
Powderham Crescent, Exeter
£650,000
Powderham Crescent, Exeter
£650,000
Our Summary
- As a going concern it represents an excellent investment opportunity with immediate revenue
- There is also potential for other uses such as conversion to a single dwelling
Description
This well-maintained, 7-bedroom HMO is currently let out as individual units, generating a gross annual revenue of £47,160. The property is configured as one self-contained flat and six rooms/bedsits, each with kitchenettes and some with private showers. The property is located on a popular road, close to the city center, university, and train station, with on-street parking available. The overall condition is very good, with regular upgrades made to each unit as needed. The property benefits from a communal garden opposite, for which there is a small maintenance charge. With a freehold tenure and gas central heating, this property represents an excellent investment opportunity with immediate revenue and potential for alternative uses such as conversion to a single dwelling.