Kings Road, Exeter, Devon, EX4

INVESTMENT PROPERTY: A fully licenced, well established five bedroom HMO within the article four area. Currently let for the 24/25 academic year with an annual rental income of £35,684. Well located between the Universities main campus', Streatham and St Lukes.

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

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

The Property

Steps up through the front door, inner original door through to the hallway, understairs storage, radiator.

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

Bedroom: Good sized double, coving, picture rail and bay window to front aspect, radiator.

Bedroom: Double bedroom, window overlooking rear garden.

Kitchen: Wall and base units, gas hob with extractor above, electric oven. Fridge freezer, dishwasher, washing machine and dryer. Stainless steel sink with mixer tap. Windows to rear and side aspect, door giving access onto the rear patio garden.

The first floor is arranged with an additional three double bedrooms, bedroom three with an en-suite bathroom. All five bedrooms are well furnished doubles.

Bedroom: Double bedroom with views over the rear garden, radiator.
En:-suite: Fully tiled with mains shower, glass screen, low level WC and basin.

Landing with built in storage.

Bedroom: Built in wardrobe, window with views over the rear aspect, radiator.

Bedroom: A good sized double, bay window overlooking the front aspect, built in cupboards, radiator.

Bathroom: Low level WC, pedestal wash hand basin, panelled bath, electric shower over with glass screen, heated towel rail.

Garden: Steps up to large, low maintenance patio garden with gate giving access to the service lane.


Current tenancy:

The property is currently tenanted for the 24/25 academic year. 25/26 has a confirmed income of £35,684.

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 B

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)

Tenure: Freehold

Residents parking permits available.

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.