£700,000

6 bed detached house for sale

Property photos

£700,000

6 bed detached house for sale
Aldrin Road, Exeter EX4

6 beds

2 baths

EPC rating: E

Key Information

Tenure:

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Council tax band:

Local area information

Property location

Nearby amenities

Stoke Hill Junior School 0.3 miles
Stoke Hill Infants and Nursery School 0.4 miles
St James Park (Exeter) 0.8 miles
Polsloe Bridge 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Exeter to find out more about the local area.

Features and description

Potential Income £50,820 Per Annum
Off Road Parking
Tenants in situ
Management Company In Place
Sought after Location
Large Garden

Located in the desirable Pennsylvania area of Exeter, this professional HMO presents a prime opportunity for investors. The property includes 6 high-quality, fully furnished bedrooms, complete with essential communal facilities, perfectly suited to meet the demands of working professionals. The property currently has a rental income of £43,020 per annum. The current owner is in the process of applying for planning permission to convert one of the communal areas to a 7th bedroom, this would add approximately another £7,800 to the yearly rent.

The property has already been granted a licence for 7 occupants from Exeter City Council, once the planning application has approved, the property will comprise, a large and spacious communal lounge, kitchen/ dining room leading to a good sized utility room, 7 double bedrooms, 1 bathroom, 1 shower room and a further cloakroom on the ground floor. The property also benefits from a driveway, providing parking for 2 cars, alongside the garage. There is an incredibly large garden to the rear, arranged on three levels.

Investors will value the seamless management provided by a professional team, ensuring first class service and maintenance. This turnkey solution is ideal for those aiming to bolster their portfolio in the professional rental market with minimal operational involvement required.

Seize this exceptional opportunity to secure a valuable asset in one of Exeter’s most esteemed neighborhoods, promising a stable and increasing income. Contact us to explore this and other exclusive off-market investment opportunities. We're here to assist you in finding the ideal addition to your investment portfolio.

Note: Please note this property will be being sold with all tenants in situ.

EPC rating: E.

There are some planning applications within 0.5 miles of this home

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Floor plans and tours

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Listed by

Northwood - Exeter

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Property descriptions and related information displayed on this page are marketing materials provided by - Northwood - Exeter. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Northwood - Exeter for full details and further information.