Heavitree

Offers in the region of £330,000  | 5 Bedrooms

This is a fantastic opportunity to acquire a house of multiple occupancy with a current gross yield of over 8%. The property is situated in Heavitree and has 5 rooms, currently rented to individuals with a communal living room, kitchen and bathroom as well as an additional W.C and lean-to utility room. The property currently provides an income of £27,240 p/a and is ideal for anyone looking to start or add to an existing portfolio.

The property is extremely well located in a very convenient level position within close proximity to the Heavitree shops and facilities together with Heavitree Park, the RD&E Wonford Hospital, etc. Heavitree boasts all of the expected facilities including a Tesco Express and Co-operative supermarket, a few public houses and a couple of restaurants together with independent shops and retailers. DIRECTIONS Leave the city centre on Heavitree Road (B3183), at the top of the hill this road becomes Fore Street, Heavitree. Proceed down Fore Street passing the local shops and Tesco Express. The property is on the left hand side shortly after the traffic lights. We would recommend parking on Butts Road but this may require you to use the pay and display.

This is a fantastic opportunity to acquire a house of multiple occupancy with a gross yield of over 8%. The property is situated in Heavitree and has 5 rooms, all double rooms that are currently rented to individuals. There are two rooms on the ground floor with a communal living room leading through to the kitchen. From the kitchen there is a lean-to utility room with a downstairs W.C and double doors to the rear garden. On the first floor there are three further rooms plus the bathroom which has a bath and separate shower. Externally, there is a small area of garden for bin storage and a large rear garden that is mainly laid to lawn with two patio areas. The property currently provides an income of £27,240 p/a and is ideal for anyone looking to start or add to an existing portfolio. NOTE - The property is outside of the 'Article 4' restriction area for HMO's but does not currently have a license. We have documentation from the council advising the property will qualify for a license with a minor alteration to the downstairs W.C. We are also in possession of all five tenancy agreements.

Entrance
Front door to Entrance Hall. Door to:

Hall
Stairs to First Floor. Radiator. Storage understairs. Doors to:

Bedroom 1 12' 1'' x 11' 10'' (3.69m x 3.6m)
Double room. Bay window to front. Radiator.

Bedroom 2 10' 9'' x 9' 11'' (3.28m x 3.02m)
Double room. Window to rear. Radiator.

Communal Living Room 11' 4'' x 9' 9'' (3.46m x 2.97m)
Window to side. Radiator. Door to:

Kitchen 10' 2'' x 8' 8'' (3.1m x 2.64m)
Fitted wall and base units. Heat resistant work surfacing. Stainless steel sink and drainer. Fitted double oven with gas hob and extractor. Fitted fridge freezer. Window to rear. Door to:

Lean-To Utility
Space and plumbing for washing machine and dryer, plus additional appliance. Door to rear garden. Door to:

Cloakroom
WC. Wall mounted boiler.

First Floor Landing
Split level landing. Doors to:

Bedroom 3 10' 10'' x 9' 10'' (3.31m x 3m)
Double room. Window to rear with views of Heavitree Playing Fields. Radiator.

Communal Bathroom
Bath. Separate shower. WC and wash hand basin. Tiled walls. Towel rail. Window to side.

Bedroom 4 10' 7'' x 10' 0'' (3.23m x 3.05m)
Double room. Window to rear. Radiator.

Bedroom 5 15' 10'' x 10' 6'' (4.83m x 3.2m)
Large double room. Bay window to front. Radiator.

Outside
To the front there is a small area for bulbs. At the rear there is a level lawned garden with two patio seating areas.

Property Ref: DWE06709
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