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7 bedroom house of multiple occupation for sale
Investment Opportunity, Alphington Street, Exeter
£560,000
Investment Opportunity, Alphington Street, Exeter
£560,000
Our Summary
- A high quality Victorian terraced townhouse with 7 double bedrooms - an exciting investment opportunity
- 85% however there is scope for this to be improved
- Exciting Investment Opportunity
Description
This Victorian terraced townhouse offers a unique investment opportunity, boasting 7 spacious double bedrooms, each with high-quality furniture, including a double bed, wardrobe, chest of drawers, and desk with chair. The property has been recently refurbished throughout and features a large kitchen with ample cupboard space, a dining area, and a living room with patio doors leading to a rear garden. The upper floors have two spacious shower rooms, and high-speed broadband is provided throughout. The property is located in a prime area, just a short walk from the city center and St Thomas, with nearby bus routes, a train station, and easy access to the M5/A30 junctions. The property is fully let, generating a gross annual income of £44,040, representing a return of approximately 7.85%, with scope for improvement.