£700,000

6 Bedroom Detached House

Aldrin Road, Exeter, EX4

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First listed on: 16th May 2024

Nearest stations:

  • St James' Park (Exeter) (0.8 mi)
  • Polsloe Bridge (1.1 mi)
  • Exeter Central (1.3 mi)
  • Exeter St Davids (1.4 mi)
  • Exeter St Thomas (1.9 mi)

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Call: See phone number 01392 435130

Further Informations

More Information

Property Features

  • Potential Income £50,820 Per Annum
  • Off Road Parking
  • Tenants in situ
  • Management Company In Place
  • Sought after Location

Property Description

Located in the desirable Pennsylvania area of Exeter, this professional HMO presents a prime opportunity for investors. The property includes 6 high-quality, fully furnished bedrooms, complete with essential communal facilities, perfectly suited to meet the demands of working professionals. The property currently has 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, 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. The property also benefits from a driveway, providing parking for 2 cars, alongside the garage. There is an incredibly large garden to the rear, arranged on three levels.??

Investors will value the seamless management provided by a professional team, ensuring first class service and maintenance. This turnkey solution is ideal for those aiming to bolster their portfolio in the professional rental market with minimal operational involvement required.

Seize this exceptional opportunity to secure a valuable asset in one of Exeter's most esteemed neighborhoods, promising a stable and increasing income. Contact us to explore this and other exclusive off-market investment opportunities. We're here to assist you in finding the ideal addition to your investment portfolio.

Note: Please note this property will be being sold with all tenants in situ.

Council tax band: E, EPC rating: E

Further Informations

More Information

Property Features

  • Potential Income £50,820 Per Annum
  • Off Road Parking
  • Tenants in situ
  • Management Company In Place
  • Sought after Location

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Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
17/05/2024 Property listed at £700,000

Property Floorplans

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Disclaimer

Disclaimer Property reference A52A9DB69A41C7_P2586. Details are provided and maintained by Northwood. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by:
Northwood, Exeter

5 Southernhay West

Exeter

Devon

EX1 1JG

Tel: See phone number 01392 435130

Arrange Viewing with AgentArrange Viewing Check AffordabilityCheck Affordability

Disclaimer

Disclaimer Property reference A52A9DB69A41C7_P2586. Details are provided and maintained by Northwood. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by:
Northwood, Exeter

5 Southernhay West

Exeter

Devon

EX1 1JG

Tel: See phone number 01392 435130

Arrange Viewing with AgentArrange Viewing Check AffordabilityCheck Affordability
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