House For Sale £650,000
Heavitree Road, Exeter EX1

A substantial 6 bedroom licenced HMO with private off-road parking to the rear. Currently let at £38,880 for the current 2020/2021 student year and let for the forthcoming 21/22 academic year, the property is located in this highly convenient location for the City Centre and both St Luke’s and Streatham University campuses. The property is being sold with no onward chain.

The beautifully appointed accommodation comprises entrance hall with period tiled flooring, entrance hall, communal living room, separate dining room, kitchen, utility room, and ground floor cloakroom. Over the three floors of accommodation are six double bedrooms, one ensuite, and two separate shower rooms. There is an additional study room located on the first floor which could be allocated to one of the double bedrooms if desired.

Outside the property has an enclosed courtyard garden with a gate giving access to the private driveway. The driveway provides off-road parking for two vehicles.

Early internal viewing is highly recommended and a 360 Virtual Viewing is available online.

Letting Income

The property is currently let for the 20/21 student year at a rent of £38,880 (exclusive of bills) producing a gross rental yield of 5.9% (based on £135 per room per week across 48 weeks). For the forthcoming 21/22 year, the rent is £140 per room per week across 48 weeks providing a projected income of £40,320 (exclusive of bills) and a gross yield of 6.2%.

Viewing Arrangements

Strictly by appointment with Naomi J Ryan Estate Agents with at least 24 hours notice. Please remember to bring hand sanitiser to use and a face covering to wear during your viewing.