Sugar

Horseguards | Exeter

Asking Price £525,000

| 5

Sold STC

Property Details




Tenure

tba


DESCRIPTION

A well established 5-bed HMO in prime student location which has been consistently rented to students for the last 15yrs. The ground floor kitchen dinner has direct access to patio and garden space. Also accessible from the ground floor is an integrated garage with fitted utility space with washing machine and additional fridge freezer space. The first floor benefits from a large communal living room for tenants, a shared bathroom and 2 double bedrooms. All 5 bedrooms are well furnished doubles with desk, and draw and wardrobe space. The second floor is arranged with the remaining 3 bedrooms and additional shared bathroom. One of the second floor benefits from its own en suite.

The property also benefits from having two off street parking spaces at the front of the property.

The property is currently let to students at premium rents for the 2024/25 academic year. Currently on a 48week contract, achieving £184 per person per week exclusive of bills. Leaving a healthy yield of 8.4%.

AGENTS NOTEThe freehold purchase of the property is available at a price estimated at 1% of property purchase price. Please ask agent for further details.
METHOD OF SALEOffers are invited for the interest of the property.
SERVICESThe vendor has advised the following: Mains
gas (serving the central heating boiler and hot
water), mains electricity, water and drainage.
Broadband Openreach approx. Download
speed 80 Mbps and Upload speed 16 Mbps.
Mobile signal: Several networks currently
showing as available at the property. Local
authority Zone E
Residents Parking in front of
property, 'off street'.
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