5 Bed Terraced House For Sale St. Johns Road, Exeter, EX1

Description

A well established 5-bed HMO student property with opportunity to add value. Well located between the Universities main campus', Streatham and St Lukes. On entering the property you can find bedroom one and a separate living room on the left of the hallway. Leading through to the rear of the property is the kitchen and a dinning room. The property also benefits from a lean-to area off the living room currently used as additional storage.

The first floor is arranged with an additional 3 double bedrooms and large shared bathroom. Via staircase to the second floor you can find the 5th and largest bedroom. All 5 bedrooms are well furnished doubles.

The property is currently let to students at premium rents for the current academic year. Currently on a 48week contract, achieving £155 per week per lettable room generating an annual rent roll of £37,200.

Situation

The Cathedral City of Exeter is one of the most vibrant and attractive cities in Southern England. With a population of almost 130,000, expanding Top 10 University and growing Business and Science Parks, the City lies on the beautiful River Exe. The city is within half an hour's drive of the coast and moors and is the region's major administrative, commercial and retail centre with major employers including the County Council, County Police, EDF, Met Office, Highways Agency and the University.

Exeter University Streatham Campus 0.6mile
Exeter University St Lukes Campus 0.6mile
City Centre 1mile

Directions

From Exeter city centre head away from the city centre via Blackboy Road. At the traffic lights continue straight on. Once you have passed the lights take the first right onto St Johns Road. The property can be found 50m down St Johns Road on the right hand side of the street.