8 Bedroom, Newtown
£680,000 - Sold STC
For Sale
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property description

SSTC with Southgate Estates. Offering 8 double letting rooms over three floors, this sizeable, established HMO has student lettings agreed the 2019/2020 academic year with a gross income: £49,280.

Situated within walking distance of the city centre, this central location also offers excellent access to a wide range of local amenities, including the University of Exeter’s St Luke’s Campus, Waitrose, the popular shops and cafes of Magdalen Road, nearby supermarkets and both hospitals.  Benefitting from off-street parking for two vehicles, the property comprises a large well equipped modern kitchen, a living room and 8 double letting rooms, including one en-suite room. The property is in excellent decorative order and is fully furnished.  

Tenancy agreements are already in place for the coming academic year with a rental income of £4320 pcm for the period from 1st September 2018 to 31st July 2019, increasing to £4480 pcm for the period from 1st September 2019 to 31st July 2020.

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