6 bedroom town house for sale

HMO STUDENT INVESTMENT - An excellent opportunity to acquire an established and stable 6 bedroom HMO investment property generating a gross return of 7.6%, located in one of Exeter’s most popular student areas.This large and centrally located 6 bedroom student house is on Pennsylvania Road in close proximity the University Campus as well as the city centre, making it very popular with students each year.It has 6 good size double bedrooms, a large living room, 2 main bathrooms as well as an ensuite bedroom, to the rear is a courtyard garden. The ground floor kitchen, utility and bathroom have been newly refurbished in 2024.The property is let for the current (25/26) and next (26/27) academic years at £160pwpp/£4,170pcm generating a gross annual income of £45,870, bills are not included within the rent. There is certainly scope for this income to be improved upon in the future.On the ground floor:2 double bedrooms, one of which is largeModern kitchen and utility room which was new in 2024Modern shower room with WC, also new in 2024On the first floor:A good sized double bedroomAt the front of the house is a large living room with plenty of seating and a dining tableMain bathroom with a shower over the bathStorage cupboardOn the second floor:A further 2 double bedrooms, the front one is largeOn the top floorA large double bedroom with an ensuiteOutsideTo the front is a small garden for bin storage, an ornate pathway and planted bedsTo the rear is a walled garden with patio area and raised bedsTenure: FreeholdProperty Status: Grade II listed.For further tenancy/income details please get in touch with us.
EPC Rating: E