Okehampton Road, Exeter, EX4 7 bed end of terrace house for sale

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Okehampton Road, Exeter, EX4 7 bed end of terrace house for sale

Okehampton Road, Exeter, EX4
£575,000

Our Summary

  • Attractive HMO Investment Opportunity
  • 45 and 47 Okehampton Road is a robust investment opportunity, delivering steady rental income and competitive yields

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph without a list: This attractive HMO investment opportunity is located in Exeter, a vibrant city with a strong economy and high demand for rental properties. The property, which consists of two 7-bed, 7-bathroom HMOs, is situated on Okehampton Road, offering easy access to key employment hubs, shopping districts, and cultural attractions. With a prime location outside the Article 4 area, the property benefits from strong tenant demand, excellent connectivity, and a growing public transport network. The annual rental income is £58,200, with operating costs of £7,900, yielding a net annual income of £50,300. The property achieves a competitive 10% gross yield and 8.4% net yield, making it an attractive investment opportunity for those looking for a turnkey investment with minimal maintenance and excellent growth prospects.