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Alphington Road, Exeter 5 bed terraced house for sale
Alphington Road, Exeter
£515,000
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 City Centre, within close proximity to local amenities. The property has been well-maintained and has a license for six tenants, offering potential for increased income and a yield of over 7%. The property has undergone refurbishments over the years and is currently fully let, generating £37,980 per annum. The property features five bedrooms, including two ground-floor bedrooms with en-suite bathrooms, a communal lounge, and a large kitchen/breakfast room. The first floor has three double bedrooms with two modern shower rooms. The property also has a low-maintenance garden and a storage shed. Located near local amenities, including a Co-operative and Sainsburys Superstore, the property is also close to the Marsh Barton and Matford trading estates, and the central City of Exeter is just over a mile away.