£999,000
12 bed detached house for sale1 Church Road, Alphington, Exeter EX2
12 beds
6 baths
Freehold
About this property
N/A
Property Reference number : 236403
A Prime, Investment Asset with Substantial Long-Term Potential in Alphington, Exeter
A rare and exceptional opportunity to acquire a compliant, income-generating property, situated in a highly sought-after location on the edge of the fantastic village of Alphington, Exeter.
Location & Access
Located in the desirable Exeter postcode of EX2, this property boasts quick and easy access to the A30 and M5 motorways, making it an ideal base for tenants and a highly attractive location for professional and student renters. The property is also conveniently located close to the vibrant Marsh Barton trading estate, a major employment hub, and is on the doorstep of the quaint and picturesque village of Alphington. The area benefits from excellent local amenities while being surrounded by beautiful Devon countryside.
Licensed HMO
The main building is configured specifically for multi-unit occupancy, offering a turnkey solution for an investor. Rental income circa 130k pa
The property is fully compliant with modern safety and legal standards, ready for a secure and immediate income stream:
Configuration: The building is configured as 12 large rooms with kitchenettes, which share 2 main W/C areas.
Safety & Compliance: A new eicr certificate, a Grade A fire system, and completed works from the Fire Risk Assessment (fra) ensure the highest level of tenant safety and regulatory compliance. The property holds a current HMO Licence.
Operational Ready: Keyless entry to all rooms and a new roof with a refinished exterior mean this property is primed for a new owner.
Immediate Development: Commence the development of the barn into a magnificent 5-bedroom dwelling immediately (subject to planning conditions), adding significant value and a new revenue stream.
Maximized Returns: By managing the entire site, you have the potential to generate a strong six-figure income from multiple revenue streams, offering a more hands-on but potentially higher-reward strategy.
Income Forecast and Investment Potential
This site presents a compelling investment opportunity, with the potential to be developed into a large-scale rental portfolio of up to 17 bedrooms across the entire site once the barn is converted. Whether through the long-term passive lease or an active management strategy, this property offers a clear path to exceptional returns in the thriving Exeter market.
There is also the option to purchase the existing Ltd company ownership, which may offer significant tax and legal benefits.
Summary:
Location: Alphington, Exeter EX2, with excellent transport links.
Main Building:
Barn: STPP for a 5-bedroom conversion/extension.
Compliance: HMO Licence, eicr, fra, Grade A fire system, and Grade 2 EPC exemption all in place.
Ownership: Option to purchase the Ltd company.
This is a rare and unmissable chance to acquire a unique property that offers both a secure, high-yield passive income stream and a clear pathway for significant capital appreciation through future development. All interested parties are encouraged to contact us for further details and to arrange a viewing.
Council Tax: E
Warning: Never transfer funds to a property owner before viewing the property in person. If in doubt contact the marketing agent or the Citizens Advice Bureau.
Gdpr: Submitting a viewing request for the above property means you are giving us permission to pass your contact details to the vendor or landlord for further communication related to viewing arrangement, or more information related to the above property. If you disagree, please write to us within the message field so we do not forward your details to the vendor or landlord or their managing company.
Viewing disclaimer: Quicklister endeavour to ensure the sales particulars of properties advertised are fair, accurate and reliable, however they are not exhaustive and viewing in person is highly recommended. If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
Property Reference number : 236403
A Prime, Investment Asset with Substantial Long-Term Potential in Alphington, Exeter
A rare and exceptional opportunity to acquire a compliant, income-generating property, situated in a highly sought-after location on the edge of the fantastic village of Alphington, Exeter.
Location & Access
Located in the desirable Exeter postcode of EX2, this property boasts quick and easy access to the A30 and M5 motorways, making it an ideal base for tenants and a highly attractive location for professional and student renters. The property is also conveniently located close to the vibrant Marsh Barton trading estate, a major employment hub, and is on the doorstep of the quaint and picturesque village of Alphington. The area benefits from excellent local amenities while being surrounded by beautiful Devon countryside.
Licensed HMO
The main building is configured specifically for multi-unit occupancy, offering a turnkey solution for an investor. Rental income circa 130k pa
The property is fully compliant with modern safety and legal standards, ready for a secure and immediate income stream:
Configuration: The building is configured as 12 large rooms with kitchenettes, which share 2 main W/C areas.
Safety & Compliance: A new eicr certificate, a Grade A fire system, and completed works from the Fire Risk Assessment (fra) ensure the highest level of tenant safety and regulatory compliance. The property holds a current HMO Licence.
Operational Ready: Keyless entry to all rooms and a new roof with a refinished exterior mean this property is primed for a new owner.
Immediate Development: Commence the development of the barn into a magnificent 5-bedroom dwelling immediately (subject to planning conditions), adding significant value and a new revenue stream.
Maximized Returns: By managing the entire site, you have the potential to generate a strong six-figure income from multiple revenue streams, offering a more hands-on but potentially higher-reward strategy.
Income Forecast and Investment Potential
This site presents a compelling investment opportunity, with the potential to be developed into a large-scale rental portfolio of up to 17 bedrooms across the entire site once the barn is converted. Whether through the long-term passive lease or an active management strategy, this property offers a clear path to exceptional returns in the thriving Exeter market.
There is also the option to purchase the existing Ltd company ownership, which may offer significant tax and legal benefits.
Summary:
Location: Alphington, Exeter EX2, with excellent transport links.
Main Building:
Barn: STPP for a 5-bedroom conversion/extension.
Compliance: HMO Licence, eicr, fra, Grade A fire system, and Grade 2 EPC exemption all in place.
Ownership: Option to purchase the Ltd company.
This is a rare and unmissable chance to acquire a unique property that offers both a secure, high-yield passive income stream and a clear pathway for significant capital appreciation through future development. All interested parties are encouraged to contact us for further details and to arrange a viewing.
Council Tax: E
Warning: Never transfer funds to a property owner before viewing the property in person. If in doubt contact the marketing agent or the Citizens Advice Bureau.
Gdpr: Submitting a viewing request for the above property means you are giving us permission to pass your contact details to the vendor or landlord for further communication related to viewing arrangement, or more information related to the above property. If you disagree, please write to us within the message field so we do not forward your details to the vendor or landlord or their managing company.
Viewing disclaimer: Quicklister endeavour to ensure the sales particulars of properties advertised are fair, accurate and reliable, however they are not exhaustive and viewing in person is highly recommended. If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.
Property Reference number : 236403
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