Terraced house for sale in Old Tiverton Road, Exeter EX4

A large Licenced 8 bedroom student investment property which has been refurbished in recent months, including a brand new kitchen and appliances which is currently let on a room by room basis inclusive of bills generating an income of £53,700 over an 11 month period and a student tenancy agreed for the 2024/2025 academic year, exclusive of bills, generating £62,000 over the duration of this tenancy agreement.

Situated in an ideal student location handy for Exeter University’s Streatham campus and St Luke’s as well as Exeter City Centre.

Description

This is a large Licenced 8 bedroom student investment property which has been refurbished in recent months, including a brand new kitchen and appliances which is currently let on a room by room basis, inclusive of bills, generating an income of £53,700 over an 11 month period and a student tenancy agreed for the 2024/2025 academic year, generating £62,000 over the duration of this tenancy agreement.

It is situated in an excellent city centre location with easy access to both Exeter University’s Streatham and St Luke’s campuses.

The accommodation, with approximate measurements, comprises the following

Ground Floor: Solid timber entrance door to

Vestibule: Quarry tiled flooring, part glazed door to

Hallway: Radiator, feature arch, stairs rising to the first floor with recess below.

Living Room: 5.21m (17'1") x 3.73m (12'3") into bay and alcove.

Radiator, picture rail, ceiling architrave, aspect to the front.

Bedroom One: 4.34m (14'3") x 3.12m (10'3") into alcove.

Radiator, covered fireplace with wood surround and mantel piece, picture rail, ceiling architrave, aspect to the rear.

Kitchen: 6.88m (22'7") x 2.54m (8'4")

Newly fitted compiling of stainless steel single drainer sink unit with hot and cold mixer tap and two x four ring electric halogen hobs set in separate work surfaces with cupboards, drawers and appliance spaces below, wall mounted cupboard units, cooker hood, built in cupboard with shelving, built in double oven and microwave/grill, appliance space for American style fridge/freezer, built in cupboard housing boiler supplying hot water and central heating.

Shower Room: 2.46m (8'1") x 1.19m (3'11")

Heated towel rail, shower tray with wall mounted mains mixer shower and screen door, part tiled surround, pedestal wash basin with hot and cold mixer tap, close coupled w/c, extractor fan.

Stairs to First Floor Landing: Stairs to second floor.

Shower Room: 2.51m (8'3") x 1.68m (5'6")

Radiator, large shower tray with wall mounted mains mixer shower and screen door, pedestal wash basin, close coupled w/c, extractor fan.

Bedroom Two: 4.04m (13'3") x 2.74m (9'0") into door recess and alcove.

Radiator, picture rail, aspect to the rear.

Bedroom Three: 3.63m (11'11") x 3.12m (10'3") to back of wardrobe.

Radiator, built in double wardrobe with hanging rail and shelving, picture rail, aspect to the rear.

Bedroom Four: 5.11m (16'9") x 3.07m (10'1") into bay and alcove.

Radiator, covered fireplace with wood surround and mantel piece, built in double wardrobe with hanging rail and shelving, picture rail, aspect to the front.

Bedroom Five: 4.27m (14'0") x 1.68m (5'6")

Radiator, picture rail, aspect to the front.

Second Floor Landing: Access to roof space, built in storage cupboard.

Separate W/c: Wash hand basin with hot and cold mixer tap and cupboard below, tiled splash backs, close coupled w/c, extractor fan.

Bedroom Six: 3.20m (10'6") x 3.15m (10'4")

Radiator, built in wardrobe with hanging rail and shelving, aspect to the rear.

Bedroom Seven: 4.32m (14'2") x 2.39m (7'10")

Radiator, cast iron fire grate with surround and mantel piece, built in cupboard and wardrobe with hanging rail and shelving, picture rail, aspect to the front.

Bedroom Eight: 4.29m (14'1") x 2.34m (7'8")

Radiator, picture rail. Aspect to the front.

Outside

Rear Garden: Enclosed walled garden which is laid out with stone chippings and has a pedestrian access to service lane.

Frontage: Walled low maintenance frontage – bin store area.

Agents Notes:

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

EPC D (61)

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.