8 bed for sale

Newtown, Exeter – 2 x 4 Bedroom Investment Properties

Price

£700,000

Property Images |  Naomi J Ryan Estate Agents
Property Images |  Naomi J Ryan Estate Agents
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For Sale

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Property Summary

A superb opportunity to purchase two four-bedroom student investment properties in a prime position for local amenities. Both properties are let from 1 September 2024 to 31 July 2025 at a gross rental of £27,091 for the 11 months. The house is well located for access to the City Centre, St Lukes University Campus and the Royal Devon & Exeter Hospital.

East John Walk -
The house is well located for access to the City Centre, St Lukes University Campus and the Royal Devon & Exeter Hospital. The accommodation is well presented throughout and comprises entrance hall, open plan kitchen/living area, ground floor bathroom, four double bedrooms, ensuite cloakroom to the second-floor bedroom, gas central heating and double glazing. Outside is an enclosed courtyard garden with pedestrian access to the rear. Council tax band: B.

Sandford Walk -
The spacious accommodation comprises entrance hall, open plan living/dining room with modern kitchen area, ground-floor double bedroom, first-floor bathroom and separate WC, and three further double bedrooms. Outside is an enclosed courtyard garden with pedestrian access to the rear. Early internal viewing is highly recommended. Council tax band: C.

Further information available on request from Naomi J Ryan Estate Agents.

Full Details

VIEWING ARRANGEMENTS
Strictly by appointment with Naomi J Ryan Estate Agents.

REFERRAL FEE DISCLOSURE
We recommend sellers and/or potential buyers use the services of The Mortgage Quarter. Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them. You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.

AGENTS NOTES
Both houses are let from 1 September 2024 to 31 July 2025 at a gross rental of £27,091 for the 11 months. The owner currently manages the gas and electricity payments and an allowance of £2,000 is included in the gross amount. Any overspend/underspend is dealt with at the end of the agreement. The net income will be £25,091, generating a gross rental yield of 7.1%.

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Property Location

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Property details

Features at a glance

Newtown, Exeter – 2 x 4 Bedroom Investment Properties
Price £700,000
  • Availability: For Sale
  • Bedrooms: 8
  • Bathrooms: 2
  • Reception Rooms: 2
  • Tenure: Freehold

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