>
6 bedroom detached house for sale
Aldrin Road, Exeter, EX4
£700,000
Aldrin Road, Exeter, EX4
£700,000
Our Summary
- The current owner is in the process of applying for planning permission to convert one of the communal areas to a 7th bedroom, this would add approximately another £7,800 to the yearly rent
- The property has already been granted a licence for 7 occupants from Exeter City Council, once the planning application has approved, the property will comprise, a large and spacious communal lounge, kitchen/ dining room leading to a good sized utility room, 7 double bedrooms, 1 bathroom, 1 shower room and a further cloakroom on the ground floor
Description
This professional HMO in Exeter, Pennsylvania, offers a prime investment opportunity for those seeking a stable and increasing income. The property features 6 fully furnished bedrooms, communal facilities, and a rental income of £43,020 per annum. The current owner is in the process of applying for planning permission to convert one of the communal areas to a 7th bedroom, which would add an additional £7,800 to the yearly rent. The property boasts a large garden, driveway, and garage, and is managed by a professional team, making it an ideal turnkey solution for investors. With a seamless management system in place, investors can enjoy a first-class service and maintenance without requiring significant operational involvement. This exceptional opportunity promises a valuable asset in one of Exeter's most esteemed neighborhoods, making it an attractive addition to any investment portfolio.