Hayes End, West Hill, Ottery St. Mary, EX11
A four bedroom HMO centrally located in Exeter.
Old Park Road is an extremely popular location for students being conveniently located close to The University of Exeter and city centre.
Winkworth have previously let properties to students in Old Park Road and have first hand experience of how in demand and popular the road is. For this reason, we assess that the property presents a great opportunity for an investment buyer.
The property is currently let out to students on a 43 week contract at £135 per week, making an annual income of £23,220. This represents a yield of 6.63%.
On the ground floor, there is a bedroom at the front with a feature fireplace, a sitting room and a kitchen to the rear with a door leading to the outside space. On the first floor, there are two good sized bedrooms, the bathroom and a seperate WC, ideal for sharers. The attic space has been converted, maximising the property and now offers a further very good sized bedroom.
Outside, there is a low maintenance, small courtyard garden to the rear, ideal for student letting.
Mains electricity, gas, water and drainage. Gas central heating.
Offers over £725,000 Freehold
Offers in excess of £600,000