Hoopern Street, Exeter, Devon, EX4

INVESTORS ONLY - A rare opportunity to purchase this purpose built three bedroom student flat currently let for the academic year of 23/24 with an annual income of £22,429.

Hoopern Street has the rare combination of being on a no through road whilst being a stones throw away from the City centre. Exeter University, Exeter College and Exeter Central train station are all within easy walking distance, making it very popular with students.

Exeter is a vibrant city that really packs a punch with its many restaurants, shops, pubs, bars and historical sights. The rest of the country is easily accessible from Exeter due to its many transport links including two train lines to london (London Paddington 120 minutes), Exeter airport and the M5 motorway.

The property:

The property was built in 2007 by student accommodation specialists Colourcolt. It provides students at Exeter University with modern living only a short walk from the main campus.

The kitchen/sitting room is to the rear of the property. The kitchen comprises of wooden wall and base storage units with roll top work surfaces, integral four ring electric hob and stainless steel sink/drainer with further space for standalone appliances including a fridge/freezer, washing machine and dishwasher.

The sitting room has plenty of space for furniture and allows direct access into the communal garden.

Bedroom one is a good size double bedroom with a window overlooking the rear aspect and en-suite comprising of a W/C, stand in shower cubicle and wash basin.

Bedroom two is also a double bedroom with a window overlooking the front aspect with an en-suite comprising of a W/C, stand in shower cubicle and wash basin.

Bedroom three is a further double bedroom overlooking the front aspect with an en-suite comprising of a W/C, stand in shower cubicle and wash basin.

The flat generates an excellent income and always proves popular with students due to its unbeatable location.

Outside:

There is access to the communal gardens.

The property has an allocated parking space and access to the communal bike shed.

Tenure:

Leasehold with an lease of 999 years from 2007.

The most recent annual service/management cost for the property was £2,101.

Utilities:

All mains services

Council tax band: B

Assuming all occupants are full time students, you should be entitled to 100% exemption from Council Tax payments.

Agents Note:

- Academic year 2023/2024
- £2036pcm
- Excluding bills
- Annual income of £22,429

PLEASE NOTE:

Our business is supervised by HMRC for anti-money laundering purposes. If you make an offer to purchase a property and your offer is successful, you will need to meet the approval requirements covered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. To satisfy our obligations we use an external company to undertake automated ID verification, AML compliance and source of funds checks. A charge of £10 is levied for each verification undertaken.