We are marketing this 5 bedroom professional house share based on Pinhoe road only minutes from the cathedral city of Exeter. Transport links include bus stops, a bus station and train stations. Great location for the university and Exeter RD&E.
The property has 5 double bedrooms, a communal dining/living room and a fitted kitchen with space for 2 fridges, The door in the kitchen gives access to a rear garden with paved area perfect for al fresco dining.
The property is fully tenanted and the annual income is £32,700 which at the £425,000 gives a 7.6% yield. Other properties on this road charge higher rents so there is an opportunity to increase the yield. The property is also fully licensed and benefits from all necessary planning consents. It is being sold with tenants in situ, and the sale includes all existing furniture and fittings.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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