MapGuide price
£650,0007 bedroom end of terrace house for sale
Powderham Crescent, Exeter
End of terrace house
7 beds
4 baths
495 sq ft / 46 sq m
EPC rating: E
Key information
Features and description
- 7 Bedroom HMO
- 1 self contained flat, 6 bedsits
- Fully Licenced
- Well maintained
- Annual revenue £47,160
- Available fully occupied
- Rear garden
- Popular location
A well maintained, licensed, 7 bedroom HMO which is currently let out as individual units (typically working professionals as opposed to students). With the current tenants in situ, the gross annual revenue is £47,160. The property is configured as one self contained flat (with separate council tax) and six rooms/bedsits. All of the units contain kitchenettes and two have private showers. Each unit is let with an individual Assured Shorthold Tenancy agreement.
To the rear of the building is a courtyard garden, laid mainly to gravel. This space is currently used privately by flat 2.
The overall condition of the property is very good, with regular upgrades being made to each unit as required.
Powderham Crescent is a popular road, situated in an ideal location close to the city centre, University and St James Park train station. The property occupies a pleasant position overlooking allotments to the rear with the railway line beyond. The owner of the property benefits from use of the communal garden opposite, for which there is a maintenance charge of £25 per annum. Residents on street parking is available.
At present the property is fully tenanted. As a going concern it represents an excellent investment opportunity with immediate revenue. There is also potential for other uses such as conversion to a single dwelling.
Please note, the photographs shown are archive shots, taken prior to the current tenancies.
Local Authority: Exeter City Council, Tax Bands - E & A (Flat 2)
Tenure: Freehold
Parking: On street residents parking
Heating: Gas Central Heating
Services: Mains water and drainage
Energy Efficiency Rating: E
Flood Risk- this is deemed to be no risk for rivers and seas, very low for surface water
Internet:-We understand that ultrafast broadband can be found in this locality.
Mobile Phone Signal: Several networks are currently displayed as available at the property
AGENT'S NOTE
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. We use the services of a third party, Thirdfort, an FCA registered company, who will contact you directly to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request. Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
Council Tax Band: E
Tenure: Freehold
About this agent
Robert Williams Estate Agents have been specialising in selling and letting quality property across Devon, for over 25 years. During this time, we've accumulated an excellent track record through our dedication and commitment to our buyers, sellers, landlords and tenants. Our highly experienced team strive to combine our traditional values with cutting-edge technology and marketing presentation, in order to provide a best-in-class Estate Agency service. When working with us, our clients appreciate the personal service we deliver, tailored to their needs. Many of our customers come back to us again and again, and much of our business is driven via referrals. We are proud to be one of the county’s top rated agencies for customer reviews. Selling? – Our bespoke service combines a wealth of property experience with top quality marketing presentation Our sales team, headed by Managing Director Oliver Williams, brings a wealth of property selling experience, covering a complete range of property styles, including character/listed buildings, new homes and auctions. We will advise you on the best selling method for your property and create a bespoke marketing plan for you. When listing a property everything that we do is geared toward marketing and promoting the home in the most professional, creative and comprehensive manner possible. We believe that presentation is the key to obtaining the best price possible from a reliable buyer. Our marketing plans are bespoke and include professional photography, video walk-throughs, drone video/photography and 3D virtual tours. We will work with you to decide the best requirements for your property and we're confident that our exceptional presentation combined with comprehensive, targeted coverage and an approachable, ever-enthusiastic attitude, make us the best agent to act for you. Why not call or email us for a chat or to book a free, no obligation valuation and marketing appraisal to see what we can do. Our role is not just to find you a buyer, but rather to effectively manage your whole move or the whole transaction through to completion. Letting? - Our dedicated team will find you great tenants, as quickly as possible Our philosophy of providing exceptional, personal service, is vitally important to our lettings department, as we build relationships with our Landlords and tenants which continue for many years. Lettings Manager Sarah Coleman and her team work with all types of clients, from professional portfolio landlords to investors with individual properties. If you have a property to let, we will offer you expert advice on how to best present the property in order to attract great tenants, as well as helping you to ensure that you meet all of the every-growing list of compliance requirements. Our clients appreciate that they can relax in the knowledge that their investment is in safe hands, and that they are always dealing with staff who know what's going on with their property. If you would like to know more, please do get in touch. We are an independent business and prefer to focus on what we do best – selling and letting property. This means you will not be pressured into using associated services such as in house conveyancing, surveying or mortgage advice. When we make recommendations for these services it is because we believe it will be in your best interest. As a member of the ‘Experts in Property’ organisation, our marketing coverage is expanded through a network of 80 independent agencies across the South West, promoting our properties to their customer base. This also includes a London office which showcases our listings to buyers from the South East. As well as many of our team holding professional qualifications from the likes of ARLA and NAEA, our business is registered to and regulated by the RICS, giving our clients further peace of mind that they are working with a highly professional organisation. A marketing consultation from is without obligation, so please get in touch - we would be genuinely delighted to hear from you.
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