House For Sale £550,000
Clifton Road, Exeter

A deceptively spacious six-bedroom HMO investment opportunity, currently generating a gross rental yield of 7.2%, let at £39,600 for the 2022/23 academic year (exclusive of bills) and let for 2023/24 academic year for £41,580 (exclusive of bills). Located in this superb position on Clifton Road, the property is within walking distance of the City Centre, St Luke's and Streatham University Campus', and the Royal Devon and Exeter Hospital.

The property offers generously proportioned rooms across three floors, comprising entrance hall, two ground floor bedrooms, an open plan living/dining/kitchen, a utility area, a ground floor cloakroom, three first floor bedrooms with a bathroom at half landing level, and to the second floor is a further double bedroom and a separate shower room.

Outside is an enclosed courtyard garden which is paved and has a useful garden shed for storage.

The property is already let for the forthcoming 2023/24 year at a rent of £41,580 (exclusive of bills).

Early internal viewing is highly recommended.

Agents Note - The property is let for the current academic year at £600 per person per month over an eleven-month period. Generating a gross income of £39,600 (exclusive of bills) and providing a gross rental yield of 7.2%.

The property has been relet from September 2023 at a rent of £3,780 per month, excluding bills. Across eleven months this generates an income of £41,580 and a gross rental yield of 7.5%

Viewing Arrangements - Strictly by appointment with Naomi J Ryan Estate Agents.

Referral Fee Disclosure - We recommend sellers and/or potential buyers use the services of The Mortgage Quarter. Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them. You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.