Terraced house for sale in Blackboy Road, Exeter EX4

This is a four bedroom student investment property with a tenancy agreement is in place for the 2024/2025 academic year generating an income of £25,740, exclusive of utility bills, over an eleven month period.

It benefits from gas fired central heating, upvc double glazed replacement windows, and a separate communal area.

The property currently has an original 125 year leasehold interest from 1st January 2011 and a new 999 year lease will be issued for completion.

The property is situated in an ideal student location handy for both St Luke’s and the main University campus of Streatham as well as Exeter City Centre.

Description

This is a four bedroom established student HMO with a tenancy in place for the 2024/2025 academic year generating an income of £25,740 exclusive of bills over the eleven month fixed term tenancy and currently has a 125 year leasehold interest from 1st January 2011 with a new 999 year lease being issued for completion.

The property is situated in an ideal student location handy for access to both Streatham and St Lukes’s University campuses as well as Exeter City Centre.

The accommodation, with approximate measurements, comprises the following

Ground Floor: Entrance door to

Vestibule: Stairs rising to the first floor,

Living Room: 4.09m (13'5") x 3.86m (12'8")

Radiator, wall light fittings, dual aspect to the front and side.

Inner Hallway: Radiator, stairs to second floor with a deep recess below.

Bedroom One: 3.53m (11'7") x 3.43m (11'3") l’shaped.

Radiator, covered fireplace, large storage cupboard housing hot water cylinder and wall mounted boiler supplying domestic hot water and gas central heating, aspect to the rear.

Second Floor Landing: Radiator, stairs rising to the third floor.

Kitchen: 3.28m (10'9") x 2.01m (6'7") into door recess.

Radiator, stainless steel single drainer sink unit with hot and cold mixer tap and four ring electric hob set in work surfaces with cupboards, drawer, wine rack and appliance spaces below, built in electric oven, tiled splash backs, wall mounted cupboard units and glass fronted cabinets, cooker hood, appliance space for fridge/freezer.

Bathroom: 3.43m (11'3") x 2.49m (8'2") l’shaped.

Radiator, panel bath with mains mixer shower, part tiled surround, close coupled w/c, pedestal wash basin with tiles splash backs, wall mounted medical cabinet, extractor fan.

Bedroom Two: 4.06m (13'4") x 3.99m (13'1")

Radiator, ornate cast iron fireplace with wood surround and mantel piece, wall light fittings, exposed beams, dual aspect to front a side.

Third Floor Landing:

Bedroom Three: 4.09m (13'5") x 3.86m (12'8") into alcove.

Radiator, exposed beams, aspect to the side.

Bedroom Four: 3.63m (11'11") x 2.49m (8'2") into alcove.

Radiator, exposed beams, aspect top the rear.

Agents Notes:

Council Tax: Exeter City Council – Band B (Currently zero rated)

EPC D (61)

Lease Term: 125 years from 1st January 2011

Maintenance / Service Charge: N/a

Service Charge Review: N/a

Ground Rent: N/a

Ground Rent Review: N/a

Please note, the seller intends to issue a new 999 year lease for completion.

For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.

Viewing by appointment with Cardens Residential subject to A minimum Of 24 hours notice required.