Terraced house for sale in Mowbray Avenue, Exeter EX4

This is a spacious 6 bedroom licenced student investment property with a current tenancy providing an excellent rental return of £53,280, including water, for the 2023/2024 academic year. A tenancy has been agreed for 2024/2025 generating an income of £47,520, exclusive of all utility bills over the 48 week period.

It benefits from gas fired central heating, upvc double glazed replacement windows, two separate communal areas and enclosed rear patio gardens with a storage shed.

The property is situated in a prime student location handy for the main University campus of Streatham and Exeter City Centre.

Description

This is a well presented and spacious 6 bedroom licenced student investment property with a current tenancy providing an excellent rental return of £53,280, including water, for the 2023/2024 academic year. A tenancy has been agreed for 2024/2025 generating an income of £47,520, exclusive of all utility bills over the 48 week period. The property is situated in a prime student location, handy for the main University campus of Streatham as well as access to Exeter City Centre and has a general store nearby.

The accommodation, with approximate measurements, comprises the following

Ground Floor: Entrance door to

Vestibule: Dado rail, ceiling architrave, quarry tiled flooring, part glazed door to

Hallway: Radiator, stairs to first floor with recess below with gas and electric meter cupboards.

Living Room: 4.32m (14'2") x 3.53m (11'7") into bay and alcove.

Radiator, picture rail, ceiling architrave.

Bedroom One: 3.78m (12'5") x 2.95m (9'8") into alcove.

Radiator, pedestal wash basin with tiled splash backs and wall mounted mirror, aspect to the rear.

Kitchen/Diner: 6.88m (22'7") x 2.82m (9'3") maximum.

Two radiators, double stainless steel sink units with hot and cold mixer tap, four ring electric halogen hob, set in separate work surfaces with cupboards, drawers, built in electric oven, appliance spaces below, plumbing for washing machine, tiled splash backs, wall mounted cupboard units, cooker hood, tiled flooring, wall mounted boiler supplying domestic hot water and central heating, upvc double glazed door to rear gardens.

Cloakroom: Radiator, close coupled w/c, wash hand basin with tiled splash backs.

First Floor Landing: Radiator, access to small roof space, stairs rising to second floor.

Bathroom: 2.49m (8'2") x 1.73m (5'8") l’shaped.

Radiator, panel bath with hot and cold mixer tap and integrated shower head, shower tray with wall mounted mains mixer shower and screen door, close coupled w/c, wash hand basin with splash backs, extractor fan and shaver point.

Bedroom Two: 3.96m (13'0") x 2.62m (8'7") into bay, plus door recess.

Radiator, pedestal wash basin with tiled splash backs, wall mounted mirror, aspect to the rear.

Bedroom Three: 3.78m (12'5") x 2.95m (9'8") into alcove.

Radiator, feature cast iron fire grate with wood surround and mantel piece, built in cupboards and drawers in alcove, pedestal wash basin with tiled splash backs, wall mounted mirror, aspect to the rear.

Bedroom Four: 4.27m (14'0") x 3.58m (11'9") into bay and alcove, plus recess.

Radiator, fireplace with surround and mantel, pedestal wash basin with tiled splash backs, wall mounted mirror, built in wardrobe in alcove, aspect to the front.

Shower Room: 1.47m (4'10") x 0.89m (2'11")

Radiator, shower tray with wall mounted mains mixer shower and screen door, extractor fan.

Second Floor Landing: Access to roof space.

Bedroom Five: 3.84m (12'7") x 2.59m (8'6")

Radiator, built in cupboard, pedestal wash basin with tiled splash backs, wall mounted mirror, aspect to the rear.

Bedroom Six: 4.27m (14'0") x 3.63m (11'11")

Radiator, built in cupboard, pedestal wash basin with tiled splash backs, wall mounted mirror, aspect to the front.

Outside

Rear Garden: Mainly laid to lawn with a tree and paved pathway to pedestrian access to service lane.

Front: Low walled frontage with quarry tiled pathway – bin store area.

Agents Notes:

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

EPC D (64)

Cardens have not had sight of any tenancy agreements and are reliant on the seller for the information provided within these details. We understand the property was previously let at £173.00 per person per week, exclusive of bills, for the 2022/2023 academic year.

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.