House For Sale £1,725,000
A superb opportunity to purchase three established HMOs (House in Multiple Occupation) in Exeter with a total of 19 bedrooms, fully let and maintained to a high standard throughout.
Generating a gross annual income of £135,840, the properties offer a gross yield of 7.87% and are all located in popular and sought-after locations. All properties have excellent transport links and are within reach of local amenities.
The portfolio comprises:
- 2 x Three storey townhouses on South Lawn Terrace, Heavtiree - total of 12 beds, 4 shower rooms.
- Hill Barton Road - 7 Bedrooms, 3 Shower Room three storey town house
For further information or to enquire about viewing the portfolio, please get in contact with us.
South Lawn Terrace Property 1 (6 Beds)
Room Rents: Room 1 £595, Room 2 £570, Room 3 £600, Room 4 £550, Room 5 £575, Room 6 £575 - Total Income £3,465 monthly / £41,580 annual income with a gross yield of 7.56%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £575.79 monthly (based on July 2022) / £6,909.48 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £34,670.52 / Net Yield of 6.30%. Energy Rating C (75) / Potential Rating B (85)
South Lawn Terrace Property 2 (6 Beds)
Room Rents: Room 1 £625, Room 2 £650, Room 3 £575, Room 4 £575, Room 5 £600, Room 6 £575 - Total Income £3,600 monthly / £43,200 annual income with a gross yield of 7.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £629.89 monthly (based on July 2022) / £7,558.68 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £35,641.32 / Net Yield of 6.20%. Energy Rating D (56) / Potential Rating C (75)
Hill Barton Road (7 Beds)
Room Rents: Room 1 £575, Room 2 £640, Room 3 £555, Room 4 £565, Room 5 £635, Room 6 £650, Room 7 £635 - Total Income £4,255 monthly / £51,060 annual income with a gross yield of 8.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £783.42 monthly (based on July 2022) / £9,401.04 annually.
Net Annual Income of £41,658.96 / Net Yield of 6.61%. Energy Rating D (65) / Potential Rating C (74)
Viewing Arrangements
Strictly by appointment with Naomi J Ryan Estate Agents. Telephone .
Generating a gross annual income of £135,840, the properties offer a gross yield of 7.87% and are all located in popular and sought-after locations. All properties have excellent transport links and are within reach of local amenities.
The portfolio comprises:
- 2 x Three storey townhouses on South Lawn Terrace, Heavtiree - total of 12 beds, 4 shower rooms.
- Hill Barton Road - 7 Bedrooms, 3 Shower Room three storey town house
For further information or to enquire about viewing the portfolio, please get in contact with us.
South Lawn Terrace Property 1 (6 Beds)
Room Rents: Room 1 £595, Room 2 £570, Room 3 £600, Room 4 £550, Room 5 £575, Room 6 £575 - Total Income £3,465 monthly / £41,580 annual income with a gross yield of 7.56%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £575.79 monthly (based on July 2022) / £6,909.48 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £34,670.52 / Net Yield of 6.30%. Energy Rating C (75) / Potential Rating B (85)
South Lawn Terrace Property 2 (6 Beds)
Room Rents: Room 1 £625, Room 2 £650, Room 3 £575, Room 4 £575, Room 5 £600, Room 6 £575 - Total Income £3,600 monthly / £43,200 annual income with a gross yield of 7.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £629.89 monthly (based on July 2022) / £7,558.68 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £35,641.32 / Net Yield of 6.20%. Energy Rating D (56) / Potential Rating C (75)
Hill Barton Road (7 Beds)
Room Rents: Room 1 £575, Room 2 £640, Room 3 £555, Room 4 £565, Room 5 £635, Room 6 £650, Room 7 £635 - Total Income £4,255 monthly / £51,060 annual income with a gross yield of 8.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £783.42 monthly (based on July 2022) / £9,401.04 annually.
Net Annual Income of £41,658.96 / Net Yield of 6.61%. Energy Rating D (65) / Potential Rating C (74)
Viewing Arrangements
Strictly by appointment with Naomi J Ryan Estate Agents. Telephone .
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