Property Details: - Type: Terraced house - Bedrooms: 4 - Bathrooms: 2
Agent: Southgate Estates - Exeter Phone: 01392 976616
*INVESTMENT OPPORTUNITY *<br/>A substantial and well-arranged four bedroom mid-terraced property situated in a convenient position on Monks Road, Exeter, currently let to four students and producing a rental income of £2,600 per calendar month (exclusive of bills) until 31st July 2026, students for the following academic year (September 2027) have also now been secured This represents an excellent investment opportunity with a strong and consistent yield in a popular student location.<br/><br/>The internal accommodation is arranged over two floors and briefly comprises an entrance hallway leading through to a spacious living room, a ground floor double bedroom, and a generous kitchen/dining room with access to the rear. The ground floor also benefits from a separate utility room and a shower room. To the first floor are three further well-proportioned double bedrooms and the main bathroom.<br/><br/>The property is ideally positioned within close proximity to the University of Exeter St Luke’s Campus and offers easy access to the City Centre, making it particularly attractive to student tenants. A wide range of local amenities, shops, cafes and transport links are all within walking distance, further enhancing the property’s appeal.<br/><br/>Accommodation<br/>The front door opens into an entrance hallway providing access to the principal ground floor rooms. The living room is situated to the front of the property and offers a comfortable communal space for tenants. Adjacent is a well-sized double bedroom overlooking the rear.<br/><br/>The kitchen/dining room is a generous space fitted with a range of wall and base units, work surfaces, and space for appliances, along with ample room for dining. A door leads through to the utility room, which in turn provides access to the ground floor shower room and rear of the property.<br/><br/>To the first floor, there are three further double bedrooms, all of good proportions, offering ample space relaxing and study. The accommodation is completed by a bathroom comprising a bath with shower over, wash basin and WC.<br/><br/>Outside<br/>To the rear of the property is an enclosed garden, providing pleasant and low maintenance outdoor space.<br/><br/>Property Information<br/>Tenure: Freehold. Council tax band: C.<br/>Planning Usage: The agents understand that this property has been continually used as C4 House of Multiple Occupancy for in excess of 10 years. The vendor will provide a full evidence package to enable a Certificate of Lawful Use to be sought at the point of agreement of any sale.<br/><br/>Council Tax Band: C<br/>Tenure: Freehold