3 bed terraced house for sale

Wellbrook Street, Tiverton EX16

Summary
A great opportunity to purchase a profitable HMO. Four bedrooms all let on short hold tenancy. One Bathroom, one cloakroom, communal kitchen/dining space & communal outside space. Return of £27,031 per annum equating to 12.9% net return. No onward chain

description
A great investment opportunity to purchase a House of Multiple Occupation (HMO). With a net return of 12.9% per annum. This Mid Terrace town house situated in a popular location close to the towns amenities. The property comprises of four bedrooms, one bathroom and one cloakroom. Communal Kitchen and lounge area and shared garden space to the rear. On entering the property is a hall way with doors to the ground floor rooms. There is one double bedroom on the ground floor. The kitchen is a communal area and is equipped with a range of wall and base units. Completing the ground floor is a reception room and cloakroom. On the first floor are two bedrooms, one of which is a double. There is a family a bathroom which is shared. On the second floor is a further double bedroom which is generously sized with eaves storage. Externally this property enjoys a communal garden. The current owner has used this property as a HMO ( house in multiple occupation) which has brought in an impressive yield of over 12.9%. All rooms are currently let on assured short hold tenancy. For more information, please contact Fox & Sons today. No onward chain.

Entrance Hall

Cloakroom
Wash hand basin, WC.

Lounge 13' x 12' 11" Max ( 3.96m x 3.94m Max )
Double glazed window to rear. Stairs to first floor, under stairs cupboard.

Kitchen 10' 9" x 6' 9" ( 3.28m x 2.06m )
The kitchen has a range of wall and base units with work surfaces over, stainless steel one and a half bowl sink and drainer, tiled splash back, electric oven and gas hob, space for a washing machine, radiator.

Landing
Double glazed window to rear. Stairs from ground floor, stairs to second floor.

Bedroom One 14' 7" Max x 10' 5" ( 4.45m Max x 3.17m )
Double glazed window to front. Feature fire place, built in cupboard, radiator.

Bedroom Two 14' 7" Max x 15' 1" Max ( 4.45m Max x 4.60m Max )
Doubler glazed window to front. Radiator. Please note there is restricted head height in this room.

Bedroom Three 9' 1" Max x 7' 3" Max ( 2.77m Max x 2.21m Max )
Double glazed window to rear. Radiator.

Bathroom
Wash hand basin, WC, bath with shower attachment, extractor fan, radiator.

Attic Room 11' 6" x 8' 7" ( 3.51m x 2.62m )
Wall hung boiler. Please note there is restricted head height in this room.

Services
Mains electric, gas, water and drainage.

Council Tax Band A

Location
Situated in the Westexe area close to amenities, St Johns Primary School, Heathcoat Primary School and Tiverton High School are all within walking distance. Westexe recreation ground is also close by. Tiverton is a thriving market town with an excellent range of educational facilities and shops. Tiverton has good road links with easy access to Junction 27 off the M5 motorway and adjacent mainline station (Paddington in about two hours).

Office Hours
Monday - Friday 9am- 6pm
Saturday- 9am- 4pm
Sundays - Closed

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.