Jubilee Road, Exeter, Devon, EX1

An opportunity for investors or landlords seeking a fully compliant, high-yielding HMO. Situated in a prime location close to the heart of Exeter, this property offers an attractive blend of spacious accommodation, modern amenities, making it ideal for students. A fully licenced six bedroom house within Article 4, the confirmed annual rental income for 25/26 is £47,652.

A well presented six bedroom mid-terrace HMO with a garden located on the sought after Jubilee Road.

This property provides the opportunity to purchase a fully licensed HMO within Article 4. The property has been under the current ownership for twenty years and has been consistently let during this time.

The property:

The ground floor is arranged as two double bedrooms, shower room and kitchen with direct access onto the rear garden.

Steps up to front door.

Door into hallway, radiator and cupboard under the stairs, doors to two double bedrooms, shower room and kitchen with direct access onto the rear garden.

Bedroom One: Large bay window overlooking the front aspect, built in wardrobe and radiator.

Shower Room: Fully tiled shower cubicle with electric shower, low level WC and basin with tiled splashbacks, heated towel rail.

Bedroom Two: Double room, window overlooking the garden, built in wardrobe, radiator.

Kitchen: A selection of wall and base units, range cooker with extractor over, double glazed window to side aspect. American style fridge freezer, dishwasher, washing machine and tumble dryer. Dining area with Velux window and French doors giving access onto the rear patio garden, radiator.

Stairs up....

First Floor

The first floor is arranged with an additional three double bedrooms, all en-suites.

Bedroom Three: A double with built in wardrobe, window overlooking the rear garden, radiator.
En-suite: Corner shower with shower boards, mains shower, glass sliding doors. Low level WC, basin, obscure window to rear aspect, heated towel rail.

Bedroom Four: A double with window to rear aspect, radiator.
En-suite: En-suite: Fully tiled corner shower, mains shower, glass sliding doors. Low level WC, basin, heated towel rail.

Bedroom Five: Another double with window to front aspect, radiator.
En-suite: Fully tiled corner shower, mains shower, glass sliding doors. Low level WC, basin, obscure window to front aspect, heated towel rail.

Stairs up.....

Second Floor:

Bedroom Six: Double bedroom with large Velux windows, built in cupboard and radiator.
En-suite: Large fully tiled walk in shower, mains shower, glass screen. Low level WC, basin, obscure window to rear aspect, heated towel rail.

Outside: Railway sleeper steps up to a good sized low miniatous gravelled private garden. Gate giving access to service lane.

Current tenancy:

The property is currently tenanted for the 24/25 and 25/26 academic years. 25/26 generating an income of £47652.

Agents note:

The property has a full HMO licence and a certificate of lawfulness to operate within Article four.

Location:

Exeter is a vibrant small 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.
Monks Road is a prime location to attract tenants due to the easy access to the city centre, campus, local supermarkets and amenities.

Residents permit parking is available.

Property information:

Mains Electricity, gas, water and drainage.

Council tax band C

Broadband: Ultrafast Broadband is available (checked on Openreach) with fibre to the cabinet.
Mobile: We understand that full mobile coverage is available (checked on Ofcom)

Restrictive covenants: There are restrictive covenants on this property, please contact us for more information.

Tenure: Freehold

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 £25 is levied for each verification undertaken.