A fantastic opportunity to purchase a very well located, spacious 5 bedroom late Georgian terraced house operating as a very successful licenced HMO, coming to the market for the first time in many years having been well looked after and having had virtual full occupancy throughout. Current gross income is £26,800pa There are pleasant urban garden outlooks from the rear. Outside there is a spacious level garden also at the rear.
DIRECTIONS: Drive from the city in a southerly direction proceeding over Exe Bridges and out onto Alphington Road, continue under the railway bridge and on towards Marsh Barton. Take the first right after the railway bridge into Sydney Road and then the third turning to the left into Regent Street. The house being sold will be found on the right hand side.
The property is situated in a great level location in a very well regarded position in St Thomas in the historic cathedral city of Exeter. The area has an excellent range of amenities nearby including schools, doctors surgery, restaurants, local shops and convenience stores including the local large Sainsbury's store which is not far away together with all the great amenities available in Marsh Barton. The property has pleasant urban garden outlooks from the rear. The city centre is also handy and there are many walks along the river and popular quay.
COMMUNICATIONS: The motorway (M5) is easily accessed via the A30 which also heads west towards Okehampton and on towards Cornwall. The A38 heading into South Devon and to Plymouth is also easily reached. Regular services of intercity trains operate from Exeter St Davids to London Paddington and from Exeter Central to London Waterloo. Exeter and Bristol Airports offer flights to a wide variety of national and international destinations.
The property is very well positioned in the road and it enjoys very pleasant open urban garden outlooks from the rear. In the same ownership for a number of years this property has had virtual full occupancy throughout. The house was believed to have originally been built in the late Georgian era and has been overall well looked after and kept up to date. The current HMO licence for 5 bedrooms was granted in 2021 and is valid until 2026. Currently producing a gross annual income of £26,800 - Landlord covers all services.
The accommodation includes: An entrance lobby and entrance hall with staircase leading up to the first floor landing and from there to the second floor. There are two bedrooms on the ground floor, a well fitted kitchen plus a utility room and a communal sitting room. On the first floor there are two more bedrooms, a bathroom and separate shower room. On the top floor there is the fifth bedroom. Outside at the rear there is a long level garden mainly to lawn and an old timber store shed.
Bedroom 1 12' 2'' x 10' 10'' (3.700m x 3.300m)
Bedroom 2 9' 10'' x 9' 10'' (3.000m x 3.000m)
Kitchen 13' 1'' x 8' 0'' (4.000m x 2.450m)
Sitting room/Diner 13' 3'' x 8' 2'' (4.050m x 2.500m)
Utility Room 13' 1'' x 6' 5'' (4.000m x 1.950m)
First Floor Landing
Bedroom 3 11' 6'' x 9' 10'' (3.500m x 3.000m)
Bedroom 4 15' 11'' x 11' 2'' (4.850m x 3.400m)
Bathroom 9' 8'' x 8' 6'' (max)(2.950m x 2.600m)
Shower Room 7' 3'' x 5' 5'' (max)(2.200m x 1.650m)
Second floor landing
Bedroom 5 16' 0'' x 15' 0'' (max)(4.87m x 4.57m)
Good sized level rear garden