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3 bed property, in 3 self contained 1-bedroom flats, £440,000
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3 bed terraced house

3 self contained 1-bedroom flats
£440,000

Our Summary

  • Development potential
  • Fully let to professional tenants, the property currently generates an approximate gross rental income of £30,900 per annum, presenting an exceptional turnkey investment opportunity
  • Offering immediate rental income, long-term investment potential and an enviable central location, this is a superb opportunity to acquire a characterful freehold property in the heart of Exeter, with established tenancies already in place
  • LETTINGS INFORMATION Currently this investment opportunity achieves a gross rental value of approximately £30,900 per annum

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Description

This elegant Victorian property is a rare opportunity for investment, situated in a highly sought-after location in Exeter's city centre. The property has been thoughtfully arranged into three self-contained one-bedroom flats, each with its own utility meters, gas boilers/heaters, and is individually assessed as Council Tax Band A. The property features a wealth of original period details, including exposed wooden floorboards, feature fireplaces, and original bay windows.

Each flat has been uPVC double-glazed throughout and is fitted with modern white goods. The property also boasts a hired wired central fire alarm system and a large, private rear garden for the ground floor flat. The property has a C energy efficiency rating and is available for sale with the freehold.