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Powderham Crescent, Exeter

PROPERTY TYPE

End of Terrace

BEDROOMS

7

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 7 Bedroom HMO
  • 1 self contained flat, 6 bedsits
  • Fully Licenced
  • Well maintained
  • Annual revenue £47,160
  • Available fully occupied
  • Rear garden
  • Popular location

Description

A well maintained, licensed, 7 bedroom HMO which is currently let out as individual units (typically working professionals as opposed to students). With the current tenants in situ, the gross annual revenue is £47,160. The property is configured as one self contained flat (with separate council tax) and six rooms/bedsits. All of the units contain kitchenettes and two have private showers. Each unit is let with an individual Assured Shorthold Tenancy agreement.

To the rear of the building is a courtyard garden, laid mainly to gravel. This space is currently used privately by flat 2.

The overall condition of the property is very good, with regular upgrades being made to each unit as required.

Powderham Crescent is a popular road, situated in an ideal location close to the city centre, University and St James Park train station. The property occupies a pleasant position overlooking allotments to the rear with the railway line beyond. The owner of the property benefits from use of the communal garden opposite, for which there is a maintenance charge of £25 per annum. Residents on street parking is available.

At present the property is fully tenanted. As a going concern it represents an excellent investment opportunity with immediate revenue. There is also potential for other uses such as conversion to a single dwelling.

Please note, the photographs shown are archive shots, taken prior to the current tenancies.

Local Authority: Exeter City Council, Tax Bands - E & A (Flat 2)Tenure: Freehold
Parking: On street residents parkingHeating: Gas Central HeatingServices: Mains water and drainageEnergy Efficiency Rating: EFlood Risk- this is deemed to be no risk for rivers and seas, very low for surface waterInternet:-We understand that ultrafast broadband can be found in this locality.Mobile Phone Signal: Several networks are currently displayed as available at the propertyAGENT'S NOTETo conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. We use the services of a third party, Thirdfort, an FCA registered company, who will contact you directly to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request. Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.

Brochures

Full Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: E
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Powderham Crescent, Exeter

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About Robert Williams, Exeter

2 Southernhay West, Exeter, EX1 1JG
Industry affiliations:

Robert Williams Estate Agents have been specialising in selling and letting quality property across Devon, for over 25 years. During this time, we've accumulated an excellent track record through our dedication and commitment to our buyers, sellers, landlords, and tenants.

Our highly experienced team strives to combine our traditional values with cutting-edge technology and marketing presentation, in order to provide a best-in-class Estate Agency service.

When working with us, our clients appreciate the personal service we deliver, tailored to their needs. Many of our customers come back to us again and again, and much of our business is driven via referrals. We are proud to be one of the country's top-rated agencies for customer reviews.

Selling? - Our bespoke services combine a wealth of property experience with top-quality marketing presentation.

Our sales team, headed by Managing Director, Oliver Williams, brings a wealth of property selling experience, covering a complete range of property styles, including character/listed buildings, new homes, and auctions. We will advise you on the best-selling method for your property and create a bespoke marketing plan for you.

When listing a property everything that we do is geared toward marketing and promoting the home in the most professional, creative and comprehensive manner possible. We believe that presentation is the key to obtaining the best price possible from a reliable buyer. Our marketing plans are bespoke and include professional photography, video walk-throughs, drone video/photography and 3D virtual tours. 

We will work with you to decide the best requirements for your property and we're confident that our exceptional presentation combined with comprehensive, targeted coverage and an approachable, ever-enthusiastic attitude, make us the best agent to act for you.

Why not call or email us for a chat or to book a free, no-obligation valuation and marketing appraisal to see what we can do. Our role is not just to find you a buyer, but rather to effectively manage your whole move or the whole transaction through to completion.

Letting? - Our dedicated team will find you great tenants, as quickly as possible

Our philosophy of providing exceptional, personal service, is vitally important to our lettings department, as we build relationships with our Landlords and tenants that continue for many years. Lettings Manager Sarah Coleman and her team work with all types of clients, from professional portfolio landlords to investors with individual properties.

If you have a property to let, we will offer you expert advice on how to best present the property in order to attract great tenants, as well as helping you to ensure that you meet all of the every-growing list of compliance requirements.

Our clients appreciate that they can relax in the knowledge that their investment is in safe hands and that they are always dealing with staff who know what's going on with their property. If you would like to know more, please do get in touch.

General:

We are an independent business and prefer to focus on what we do best - selling and letting property. This means you will not be pressured into using associated services such as in house conveyancing, surveying or mortgage advice. When we make recommendations for these services it is because we believe it will be in your best interests.

We invest heavily to ensure our clients' properties are prominently displayed on all of the leading property portals, including Rightmove; Zoopla; Primelocation, and OnTheMarket.

As a member of the 'Experts in Property' organisation, our marketing coverage is expanded through a network of 80 independent agencies across the South West, promoting our properties to their customer base. This also includes a London office which showcases our listings to buyers from the South East.

As well as many of our team holding professional qualifications from the likes of ARLA and NAEA, our business is registered to and regulated by the RICS, giving our clients further peace of mind that they are working with a highly professional organisation.

A marketing consultation from is without obligation, so please get in touch - we would be genuinely delighted to hear from you.

Your mortgage

Per year
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Years
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Monthly repayments
£3,035
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Disclaimer - Property reference 12441688. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Robert Williams, Exeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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