5 bedroom terraced house for sale

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5 bedroom terraced house for sale

Alphington Road, Exeter
£515,000

Our Summary

  • The property does hold a license for 6 tenants therefore offering potential for this property to earn a further income increasing the yield to over 7%This property has gone through a range of refurbishment over the years and is well maintained by the managing agents and tenants alike, this property is fully let with five occupants achieving at the present £37,980 per annum
  • AGENTS NOTES A fantastic opportunity to purchase a tried and tested Professional House of Multiple Occupancy for the last six years achieving a good level of income with potential to increase the current yield by several options including creating a sixth bedroom from the current communal lounge

Description

This House of Multiple Occupancy is situated in a southerly direction from Exeter's city center, close to local amenities and just a short drive from the A30. The property has undergone refurbishments over the years and is well-maintained by the managing agents and tenants. It has a license for six tenants, offering potential for additional income and increasing the yield to over 7%. The property is fully let, with five occupants currently earning £37,980 per annum. The property features a spacious entrance hall, five bedrooms, including two ground-floor bedrooms with en-suite bathrooms, and three double bedrooms on the first floor with two modern shower rooms. The rear garden is low maintenance and has a storage shed for bike storage. The property is close to local amenities, including a Co-operative, Sainsbury's Superstore, and a consumer retail park, making it an attractive option for professionals.
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