Terraced house for sale in Pinhoe Road, Exeter EX4

A well presented five bedroom licenced student investment property which has a tenancy agreed for the 2023/2024 academic year generating an exclusive income of £34,100 over the 11 month period of the fixed term tenancy agreement and a tenancy agreed for the 2024/2025 academic year with an inclusive rent of £38,171.

The property has continuously let to students as an established and licenced student HMO pre-2011.

Benefitting from gas fired central heating, upvc double glazed replacement windows, bathroom, fitted kitchen leading on to a communal living space.

Good location for St. Luke’s University campus and approximately two miles from Streatham, with a local general store and Exeter City Centre about 1 mile away.

Description

This is a well presented five bedroom licenced student investment property with a tenancy agreed for the 2023/2024 academic year generating an income of £34,100, exclusive of bills, over the 11 month period of the fixed term tenancy agreement and a tenancy agreed for the 2024/2025 academic year with an inclusive rent of £38,171. The property further benefits from gas fired central heating, upvc double glazed replacement windows, bathroom, a communal living space and fitted kitchen. There are enclosed gardens to the rear with pedestrian access to a service lane. It is situated in a good student location with access to both St. Luke’s campus and the main Streatham university campus approximately two miles away, with a local general store nearby and Exeter City Centre about a mile away.

The accommodation, with approximate measurements, comprises the following

Ground floor: Upvc entrance door to

Vestibule: Part glazed door to

Hallway: Radiator, stairs rising to the first floor with cupboard below, control panel for central heating.

Bedroom One: 4.24m (13'11") x 3.48m (11'5") into bay and alcove.

Radiator, recess in chimney breast with wood surround and mantel piece, picture rail, aspect to the front.

Bedroom Two: 3.07m (10'1") x 2.84m (9'4") into alcove.

Radiator, recess in chimney breast with shelving, laminate flooring, aspect to the rear.

Kitchen: 3.73m (12'3") x 2.64m (8'8")

One and a half bowl stainless steel single drainer sink unit with hot and cold mixer tap and four ring electric halogen hob set in separate work surfaces with cupboards, drawers, appliance space below, plumbing for washing machine, built in electric oven, appliance space for fridge/freezer, tiles splash backs, wall mounted cupboard units, cooker hood.

Communal Room: 2.77m (9'1") x 2.69m (8'10")

Laminate flooring, upvc double glazed door to rear gardens.

First Floor Landing: Access to roof space.

Bathroom: 2.01m (6'7") x 1.70m (5'7")

Heated towel rail, panel bath with wall mounted mains mixer shower and screen, pedestal wash basin, close coupled w/c, part tiled surround, extractor fan.

Bedroom Three: 2.97m (9'9") x 2.64m (8'8") into door recess and alcove.

Radiator, access to small roof space, aspect to the rear.

Bedroom Four: 3.07m (10'1") x 2.82m (9'3") into alcove.

Radiator, laminate flooring, aspect to the rear.

Bedroom Five: 3.07m (10'1") x 2.82m (9'3") into bay and alcove.

Radiator, built in wardrobe in alcove with overhead storage cupboard, painted floorboards, aspect to the front. (Please note the seller is committed under the 2024/2025 tenancy agreement to install a shower room which will take up part of this bedroom).

Shower Room: To be installed prior to the commencement of the 2024/2025 tenancy agreement which will consist of a shower tray, wall mounted shower, wash basin and w/c.

Outside

Rear Garden: Enclosed walled gardens with a pebble pathway, flower bed border, level lawn, paved patio area and a pedestrian access to the rear service lane.

Front: Low walled frontage with slate chipped flower beds, bin store area.

Agents Notes:

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

EPC D (57)

The property has continuously let to students as an established and licenced student HMO pre-2011.

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.