Offers over
£425,000
5 bed flat for saleMincinglake Road, Stoke Hill, Exeter, Devon EX4
5 beds
3 baths
1 reception
EPC Rating: C
Just added
About this property
HMO
Excellent Condition
A well presented and recently fully renovated five bedroom ground floor flat offered for sale in good condition having been renovated to a high standard by the current owners, currently fully let to students and generating a strong rental income of £195 per person per week. The property is arranged as a spacious student accommodation comprising five well-proportioned bedrooms, a communal living area, modern fitted kitchen, and bathroom facilities, providing comfortable and practical living for student tenants. Being located on the ground floor, the property benefits from easy access and a practical layout suited to the student rental market. Currently achieving a combined rental income of approximately £975 per week, this equates to £46,800 per annum, making it an attractive turn-key investment opportunity with established demand each year.
Description A well presented and recently fully renovated five bedroom ground floor flat offered for sale in good condition having been renovated to a high standard by the current owners, currently fully let to students and generating a strong rental income of £195 per person per week. The property is arranged as a spacious student accommodation comprising five well-proportioned bedrooms, a communal living area, modern fitted kitchen, and bathroom facilities, providing comfortable and practical living for student tenants. Being located on the ground floor, the property benefits from easy access and a practical layout suited to the student rental market. Currently achieving a combined rental income of approximately £975 per week, this equates to £46,800 per annum, making it an attractive turn-key investment opportunity with established demand each year.
Entrance hall Accessed via part glazed front door, doors to the lounge, bedroom one, bedroom two, bedroom three and shower room. Radiator.
Lounge 14' 0" x 9' 4" (4.269m x 2.846m) Television point, storage cupboard, seating area, radiator and opening through to the open plan kitchen and dining room.
Kitchen/diner 15' 4" x 15' 3" (4.694m x 4.660m) Rear aspect uPVC double glazed window, uPVC double glazed french doors leading to the decking and rear garden, fitted range of eye and base level units, stainless steel sink and half with a single drainer, rolled edge work surfaces, integrated double oven with a hob and an extractor fan above, integrated washing machine, integrated double fridge and freezer, dishwasher, seating area, door through to the inner hallway with doors to bedroom four, bedroom five and the shower room.
Bedroom one 11' 6" x 8' 8" (3.518m x 2.655m) Front aspect uPVC double glazed window, radiator.
Bedroom two 15' 2" x 6' 3" (4.630m x 1.912m) Rear aspect uPVC double glazed window, radiator. Door to the en-suite shower room.
Ensuite Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail.
Bedroom three 10' 8" x 9' 4" (3.263m x 2.853m) Front aspect uPVC double glazed window, radiator.
Shower room Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail.
Bedroom four 10' 4" x 8' 0" (3.156m x 2.440m) Side aspect uPVC double glazed window, radiator.
Bedroom five 13' 9" x 6' 10" (4.215m x 2.095m) Rear aspect uPVC double glazed window, radiator.
Shower room Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail.
Garden Enclosed rear garden with decked area leading to a private lawn.
Lease information Lease remaining is circa 92 years of a 125 year lease. The service charges are approximately £300 per annum including the ground rent. The lease is owned by Exeter City Council.
Anti money laundering Agents are required by law to conduct anti-money laundering checks on all those buying a property. We outsource the initial checks to a partner supplier Landmark who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is £25 + VAT per person. This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
Description A well presented and recently fully renovated five bedroom ground floor flat offered for sale in good condition having been renovated to a high standard by the current owners, currently fully let to students and generating a strong rental income of £195 per person per week. The property is arranged as a spacious student accommodation comprising five well-proportioned bedrooms, a communal living area, modern fitted kitchen, and bathroom facilities, providing comfortable and practical living for student tenants. Being located on the ground floor, the property benefits from easy access and a practical layout suited to the student rental market. Currently achieving a combined rental income of approximately £975 per week, this equates to £46,800 per annum, making it an attractive turn-key investment opportunity with established demand each year.
Entrance hall Accessed via part glazed front door, doors to the lounge, bedroom one, bedroom two, bedroom three and shower room. Radiator.
Lounge 14' 0" x 9' 4" (4.269m x 2.846m) Television point, storage cupboard, seating area, radiator and opening through to the open plan kitchen and dining room.
Kitchen/diner 15' 4" x 15' 3" (4.694m x 4.660m) Rear aspect uPVC double glazed window, uPVC double glazed french doors leading to the decking and rear garden, fitted range of eye and base level units, stainless steel sink and half with a single drainer, rolled edge work surfaces, integrated double oven with a hob and an extractor fan above, integrated washing machine, integrated double fridge and freezer, dishwasher, seating area, door through to the inner hallway with doors to bedroom four, bedroom five and the shower room.
Bedroom one 11' 6" x 8' 8" (3.518m x 2.655m) Front aspect uPVC double glazed window, radiator.
Bedroom two 15' 2" x 6' 3" (4.630m x 1.912m) Rear aspect uPVC double glazed window, radiator. Door to the en-suite shower room.
Ensuite Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail.
Bedroom three 10' 8" x 9' 4" (3.263m x 2.853m) Front aspect uPVC double glazed window, radiator.
Shower room Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail.
Bedroom four 10' 4" x 8' 0" (3.156m x 2.440m) Side aspect uPVC double glazed window, radiator.
Bedroom five 13' 9" x 6' 10" (4.215m x 2.095m) Rear aspect uPVC double glazed window, radiator.
Shower room Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail.
Garden Enclosed rear garden with decked area leading to a private lawn.
Lease information Lease remaining is circa 92 years of a 125 year lease. The service charges are approximately £300 per annum including the ground rent. The lease is owned by Exeter City Council.
Anti money laundering Agents are required by law to conduct anti-money laundering checks on all those buying a property. We outsource the initial checks to a partner supplier Landmark who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is £25 + VAT per person. This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
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