Terraced house for sale in Powderham Crescent, Exeter EX4

This is spacious 7 bedroom Licenced student investment property with a tenancy agreement is in place for the current 2023/2024 academic year generating an income in the region of £58,366 and a tenancy confirmed for the 2024/2025 academic year with an income of £60,060 exclusive of utility bills over the 11 month period.

It benefits from gas fired central heating, a separate communal living room/diner and enclosed rear courtyard gardens.

It benefits from gas fired central heating, a separate communal living room/diner and enclosed rear courtyard gardens.

Description

This is a spacious seven bedroom licenced student HMO which has a tenancy agreement in place for the current 2023/2024 academic year, generating an exclusive income in the region of £58,366, and a tenancy agreed for the 2024/2025 academic year with an income of £60,060, exclusive of utility bills over the 11 month period. The property is situated in a prime student location with access to the communal gardens in the centre of Powderham Crescent, 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: Radiator, fire alarm control panel, notice board, coat hooks, door to

Hallway: Radiator, recess understairs rising to first floor.

Living Room/Diner: 7.44m (24'5") x 2.54m (8'4")

Two radiators, sunken ceiling lights, arch to.

Kitchen: 4.50m (14'9") x 2.67m (8'9") maximum.

Stainless steel single drainer sink unit with hot and cold mixer tap, four ring halogen hob set in work surfaces with cupboards, drawers, appliance spaces below, plumbing for washing machine, built in electric oven, tiled splash backs, wall mounted cupboard units, cupboard housing wall mounted boiler supplying domestic hot water and central heating, cooker hood, two Velux windows, single glazed door to rear courtyard garden.

Bedroom One: 3.07m (10'1") x 2.90m (9'6")

Radiator, aspect to the side.

Bedroom Two: 4.29m (14'1") x 3.78m (12'5") l’shaped into bay.

Radiator, built in deep recess wardrobe with hanging rail, aspect to the front.

Shower Room: 2.31m (7'7") x 0.81m (2'8")

Shower tray with wall mounted electric shower and screen door, tiled surround, wash hand basin with tiled splash backs, close coupled w/c, extractor fan.

First Floor Half Landing:

Separate W/c: Radiator, wash hand basin with tiled splash backs, close coupled w/c, wall mounted mirror.

Shower Room: 1.70m (5'7") x 1.35m (4'5")

Radiator, large shower tray with wall mounted electric shower and screen, extractor fan.

Bedroom Three: 3.63m (11'11") x 2.59m (8'6") into door recess.

Radiator, aspect to the rear.

First Floor Landing: Radiator, stairs rising to second floor.

Bedroom Four: 4.44m (14'7") x 2.90m (9'6")

Radiator, dual aspect to side and rear.

Bedroom Five: 4.78m (15'8") x 3.61m (11'10")

Radiator, aspect the front.

Second Floor Landing: Access to roof space.

Bedroom Six: 3.28m (10'9") x 2.82m (9'3")

Radiator, double glazed window with a rear aspect.

Bedroom Seven: 4.70m (15'5") x 3.63m (11'11")

Radiator, aspect to the front.

Shower Room: 1.73m (5'8") x 0.71m (2'4")

Shower tray with wall mounted electric shower and screen door, extractor fan.

Outside

Rear Garden: Enclosed courtyard gardens with bicycle storage rack and pedestrian access to service lane.

Front: Low walled frontage – bin store area and car hard stand.

Agents Notes:

Council Tax: Exeter City Council – Band E (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.