£340,000

Added > 14 days

5 bedroom terraced house for sale

Bonhay Road, Exeter

01392 976588

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Terraced house

5 bed

2 bath

EPC rating: C*

1,162 sq ft / 108 sq m

Key information

Tenure: Ask agent

Council tax: Ask agent

Broadband: Ultra-fast 1000Mbps *

Mobile signal:

EE O2 Three Vodafone

Water: Ask agent

Heating: Ask agent

Electricity: Ask agent

Sewerage: Ask agent

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Property description & features

Gas central heating and double glazing
Close to St Davids station
Walking distance to campus and the city centre
Scope to improve the rental income

A 5 bedroom terraced house located near to St Davids Station and within walking distance of the city centre and university campus.

This property is being offered for sale as either a rental investment or a family home, the property has historically been used as a student HMO rental property and generates an gross annual income of £28,655 when let at it's current rate of £120pwpp, this would offer a gross return of 8.4%, a figure which has plenty of scope for improvement, we would expect it to achieve something in region of £140pwpp (£33,440pa) if modernised in some areas.

The property is currently empty and we are currently seeking tenants for the 2025/26 academic year, this would give any potential purchaser some time to make improvements to the property before a new tenancy starts in September 2025.

Alternatively the property could be purchased as a family home (if new students have not been found for next year).

The property has 2 bathrooms and 4 good size double rooms, with one smaller room to the first floor rear. There is a large kitchen and separate sitting room, to the rear of the property is a lean to/ utility area, perfect for laundry and secure bicycle storage and there is a courtyard garden out the back. It comes fully furnished and ready to use as a rental property.

For full rental history and income details please get in touch and we will be happy to discuss with you.

Tenure: Freehold

Council Tax: Exeter City Council - Band B

Council Tax Band: B
Tenure: Freehold

Property information from this agent

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Places of interest

Hellier Ridley - Exeter

Elmbrook House, New North Road Exeter EX4 4LA

01392 976588

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What is your home worth?

Here at Hellier Ridley we do things a little differently. We have designed our business from the ground up to offer several distinct advantages to our clients In a nutshell, our aim is to offer the best possible service to our clients. We pride ourselves on our personal approach to dealing with both our Landlords and Tenants, we don't operate a 9-5 policy, you will have our direct email addresses and mobile phone numbers and you are welcome to contact us at the drop of a hat. We have designed many of our internal processes to be as efficient as possible, giving us the maximum amount of time to devote to your property, whether that be finding you a tenant or buyer, or managing a tenancy. It's Sunday evening and you have a quick question? Send us a text! Modern Technology - Complementing our stance on offering the best possible service is our openness to using modern technologies to enhance the service we provide. We feel that it is important to keep up to date with modern ways of communicating as it allows us to connect with our Landlords and Tenants in the best possible way. Some highlights include: Online Landlord Portal - All Landlords will be issued with a secure online portal to which they can login and view all sorts of useful information on their properties, they can view details of any viewings (with our feedback notes), they can see the progress of any maintenance issues, they can even access all of their financial data including monthly statements etc. Online Applicant Portal - All applicants can log in and view their property matches, they can select their requirements and are then automatically matched to any available properties. Means of communication - Tenants and Landlords can contact us via Facebook and Twitter, we have Whatsapp groups for all our tenancies meaning easy correspondence between us and the tenants, and we have shared Dropbox folders for our Landlords where all of the important documentation is stored including Tenancy Agreements and gas safety certificates etc. Mobility/Availability - By making the most of the modern technologies above, we are able to operate our business from anywhere. Our software is cloud based meaning we can work from any internet-connected computer or even an iPad! Our landline phone system is also mobile meaning you can get hold of us whether we are in the office or out and about. We are always connected. Due to our lower overheads and the increased level of service that we will offer compared to the average agent we feel that we represent the best value-for-money service out there. We are not yet registered for VAT so this in itself represents a significant saving. Contact us for a quote!

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*DISCLAIMER

Property reference 12528588. 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 Hellier Ridley - Exeter.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on April 14, 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 April 14, 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 October 30, 2020 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.

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

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