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Topsham Road, St Leonards, Exeter

73
£675,000

An excellent opportunity to purchase a seven bedroom HMO (House in Multiple Occupation), offering a superb investment opportunity and situated in the highly desirable area of St Leonards. Currently let to professionals and generating a gross annual income of £48,300 with a 7.16% gross rental yield.

The property is located in a highly desirable location offering easy access to the City Centre, the Royal Devon and Exeter Hospital, and comes with two allocated parking spaces to the rear and two further on street parking permits. There is also a useful locked external store and bike shed.

The well maintained and presented accommodation comprises entrance hall, open plan kitchen/dining room with utility area, ground floor shower room, two ground floor double bedrooms (both with impressive bay windows), three first floor double bedrooms, first floor bathroom, separate shower room, two second floor double bedrooms.

Outside are well maintained front and rear gardens, the rear garden is laid mostly to lawn with patio area. A gate from the rear garden gives access to the allocated parking spaces.

Financial Information: 

Room Rents: Room 1 £595, Room 2 £595, Room 3 £600, Room 4 £610, Room 5 £550, Room 6 £525, Room 7 £550 – Total Income £4,025 monthly / £48,300 annual income with a gross yield of 7.16%

Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £604.59 monthly / £7,255.08 annually.

Net Annual Income of £41,044.92 / Net Yield of 6.08%. Energy Rating D (60) / Potential Rating B (82)

Viewing Arrangements:

Strictly by appointment with Naomi J Ryan Estate Agents.

Get in touch

Call us on 01392 215 283

Email: enquiries@naomijryan.co.uk
Visit us: 18 Southernhay West, Exeter, Devon. EX1 1PJ

Ombudsman Lettings

COVID-19 Update

please note

Following the Government’s announcement on 13th May we are open for business and able to carry out viewings and valuations in person. Our office in Southernhay currently remains closed to visitors and in line with the new guidelines we have put measures in place to respect social distancing and do our part in help protect ourselves and our customers.