7 bedroom end of terrace house for sale
Key information
Property description & features
- 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
Places of interest
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Property reference 12441688. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Williams Estate Agents - Exeter.
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Broadband availability and predicted speed: obtained from Ofcom on September 5, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on September 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 12, 2014 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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