5 bed terraced house for sale

Magdalen Road, Exeter EX2

This is a licenced five bedroom end terraced HMO which is currently let to professional tenants with a rental income of £37,140 per annum, inclusive of bills, representing a 10.65% return.

The property benefits from gas fired central heating, upvc double glazed replacement windows and wall enclosed rear gardens.

An excellent location for the nearby rd&E Hospital, Medical School and access to St Luke’s campus of Exeter University as well as Exeter City Centre.

Description

This is a licenced five bedroom end terraced HMO which is currently let to professional tenants with a rental income of £37,140 per annum, inclusive of bills, when fully let. The property benefits from gas fired central heating, upvc double glazed replacement windows and wall enclosed rear gardens, set it an excellent location for the nearby rd&E Hospital, Medical School and access to St Luke’s campus of Exeter University as well as Exeter City Centre.

The accommodation, with approximate measurements, comprises the following

Ground floor: Entrance door to

Vestibule: Part glazed door to

Hallway: Feature arch, stairs rising to first floor with cupboard below.

Kitchen/Diner: 4.83m (15'10") x 3.20m (10'6")

Radiator, one and a half bowl stainless steel single drainer sink unit with hot and cold mixer tap set in work surfaces with cupboards, appliance space below, tiled splash backs, matching wall mounted cupboard units, built in cupboard housing a wall mounted boiler supplying domestic hot water and gas central heating, door to rear gardens.

Bedroom One: 4.44m (14'7") x 3.86m (12'8") into bay and alcove.

Two radiators, covered fireplace with tiled surround and mantel piece, picture rail, ceiling architrave, exposed floorboards, aspect to the front.

Bedroom Two: 3.63m (11'11") x 3.23m (10'7") into alcove.

Radiator, exposed floorboards, aspect to the rear.

First Floor Landing:

Bedroom Three: 3.61m (11'10") x 3.28m (10'9") into alcove.

Radiator, cast iron fire grate with wood surround and mantel piece, aspect to the rear.

Bedroom Four: 3.63m (11'11") x 3.23m (10'7")

Radiator, cast iron fire grate with wood surround and mantel piece, picture rail, aspect to the rear.

Bedroom Five: 4.62m (15' 2") x 3.76m (12' 4") into bay and alcove.

Radiator, cast iron fireplace with wood surround and mantel piece, picture rail, aspect to the front.

Shower Room/Wc: 1.90m (6'3") x 1.63m (5'4")

Shower tray with wall mounted electric shower and screen door, close coupled w/c, pedestal wash basin, part tiles surround.

Outside

Front: Enclosed frontage/bin store.

Rear Garden: Enclosed courtyard garden with pedestrian access to service lane, integrated storage shed with plumbing for washing machine.

Agents Notes:

Council Tax: Exeter City Council – Band C (Currently zero rated)

EPC D (66)

The rental income has been provided by the seller. The agent has not had sight of the tenancy agreements and therefore has not verified the rental income.

For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.

Viewing by appointment with Cardens Residential subject to A minimum Of 24 hours notice required.