6 bed for sale

Pinhoe Road, Mount Pleasant, Exeter

Offers Over

£550,000

Property Images |  Naomi J Ryan Estate Agents
Property Images |  Naomi J Ryan Estate Agents
virtualtour

For Sale

/

Property Features

  • 6 Bedroom Student HMO
  • Viewing Highly Recommended
  • Let for the current 2023/2024 Academic Year on an 11 Month Tenancy Generating a Gross Income of £41,580 and Providing a Gross Rental Yield of 7.56%
  • Gas Central Heating & Double Glazing
  • Excellent Location for access to City Centre, Streatham & St Lukes University Campus
  • Spacious Living Room
  • Modern Kitchen/Dining Room
  • 2 Shower Rooms and Ground Floor WC
  • Courtyard Garden

Property Summary

A substantial six-bedroom HMO investment opportunity for sale in Mount Pleasant, let for the current academic year. The property will generate an income of £41,580 for the current academic year, exclusive of bills.

This well-presented property is situated in the highly convenient location of Mount Pleasant. The property is within walking distance of the City Centre, St Luke's and Streatham University Campus', and the Royal Devon and Exeter Hospital.

Arranged over three floors, the accommodation comprises an attractive entrance porch with feature stained glass windows and decorative tiled flooring, hallway, communal living room, modern open plan kitchen/dining room with utility recess and ground floor cloakroom. There is one double bedroom on the ground floor, three bedrooms on the first floor and a further two bedrooms on the second floor. There are two shower rooms on the first floor.

Outside is an enclosed and low-maintenance rear garden which is laid with decorative stone chippings. There are two garden sheds, one of which provides access to a rear access pathway - ideal for bike access.

Early internal viewing is recommended for this excellent investment opportunity. A 360 Virtual Viewing is also available to view online.

Full Details

AGENTS NOTE
The property is let for the current academic year at £630 per person per month over an eleven-month period. Generating a gross income of £41,580 (inclusive of bills) and providing a gross rental yield of 7.23%.

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.

virtualtour Virtual Tour

Step inside the property with a virtual tour or video walkthrough.

Property Brochure

Download and view the property brochure.

View Brochure

Property Location

EPC

Floorplans

Property details

Features at a glance

Pinhoe Road, Mount Pleasant, Exeter
Offers Over £550,000
  • Availability: For Sale
  • Bedrooms: 6
  • Bathrooms: 2
  • Reception Rooms: 1
  • Tenure: Freehold

Ready to enquire about this property?

Register your interest below

Book Viewing Call us!

Similar properties

Similar properties matching your preference.