5 bedroom property for sale

A well presented five bedroom mid-terrace HMO with a garden located on the sought after Monks road. The property is accessed via a flat path from the street leading to a front door. This property provides the rare opportunity to purchase a fully licensed HMO within the article four area. The property has been under the current ownership for twenty years and has been consistently let during this time. Current tenancy: The property is currently tenanted for the 23/24 academic year, generating an income of 39,750. There is also a rental in place for the academic year 24/25 with an annual income totalling 39,756 Agents note: The property has a full HMO licence and a certificate of lawfulness to operate within Article four. Location: Exeter is a vibrant small city that really packs a punch with its many restaurants, shops, pubs, bars and historical sights. The rest of the country is easily accessible from Exeter due to its many transport links including two train lines to London (London Paddington 120 minutes), Exeter airport and the M5 motorway. Monks Road is a prime location to attract tenants due to the easy access to the city centre, campus, local supermarkets and amenities. Residents permit parking is available. Property information: Mains Electricity, gas, water and drainage. Council tax band C Broadband: Ultrafast Broadband is available (checked on openreach) with fibre to the cabinet. Mobile: We understand that full mobile coverage is available (checked on Ofcom) Restrictive covenants: There are restrictive covenants on this property, please contact us for more information. Tenure: Freehold Residents parking permits available PLEASE NOTE: Our business is supervised by HMRC for anti-money laundering purposes. If you make an offer to purchase a property and your offer is successful, you will need to meet the approval requirements covered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. To satisfy our obligations we use an external company to undertake automated ID verification, AML compliance and source of funds checks. A charge of 10 is levied for each verification undertaken.