House For Sale £1,200,000
Meadow Way, Heavitree, Exeter EX2

An investment portfolio of three 5-bedroom modern HMO properties that are currently fully let out. The three properties are in the same terrace and benefit from being situated in a sought-after location next the the rd and E Hospital in Heavitree. The properties also benefit from a courtyard with secure parking and the income is £99,660 per year.

Properties And Income

All properties are fully let and the current income is

- 3 Richard Ford Court - £33,240
- 4 Richard Ford Court - £33,300
- 5 Richard Ford Court - £33,120

Bills

The current owner pays all the bills (however if you moved these house to student lets you could avoid paying all bills) They currently are per property, Water £800 per year
Gas/electric £1260 per year
Council Tax £1909 per year
Broadband £360 per year

Total £4329 per property or £12,987 for all three properties

Freehold And Parking Area

The three properties share a secure parking area with parking, this is being sold with the properties along with the freehold.

Furniture

All Furniture will be sold with the property.

Agents Notes

These particulars are not an offer or contract, nor part of one. You should not rely on statements by Francis Louis in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property condition or its value. Neither Francis Louis nor any joint agent has any authority to make any representations about the property and accordingly any information given is entirely without responsibility on the part of the agents, sellor(s) or lessor(s) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The vat position relating to the property may change without notice.