>
Union Road, Exeter, EX4 6 bed townhouse for sale
Union Road, Exeter, EX4
£625,000
Union Road, Exeter, EX4
£625,000
Our Summary
- It has long established use as a student let and the vendors have submitted a planning application to obtain a C4 Planning Consent Certificate of Lawfulness
Description
This spacious 6-bedroom townhouse is located in a prime student area, just a short walk from the university campus and city center. The property features a well-presented open-plan kitchen/diner, large living room, and 6 good-size double bedrooms. The house has been well-maintained by the vendor, with recent updates including new bay windows, gutters, and facias. The property is currently let to a group of 6 students at a rate of £165pwpp, with a guaranteed 11-month tenancy for the 25/26 academic year. The rent is exclusive of utilities, except for broadband, which is provided by the landlord. The property has a HMO licence for 6 people and a planning application has been submitted to obtain a C4 Planning Consent Certificate of Lawfulness. With a gross yield of 7.6%, this investment property offers a stable and lucrative income stream.