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Mincinglake Road, Stoke Hill

PROPERTY TYPE

Apartment

BEDROOMS

5

BATHROOMS

3

SIZE

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

Description

DESCRIPTION A well presented and recently fully renovated five bedroom ground floor flat offered for sale in good condition having been renovated to a high standard by the current owners, currently fully let to students and generating a strong rental income of £195 per person per week. The property is arranged as a spacious student accommodation comprising five well-proportioned bedrooms, a communal living area, modern fitted kitchen, and bathroom facilities, providing comfortable and practical living for student tenants. Being located on the ground floor, the property benefits from easy access and a practical layout suited to the student rental market. Currently achieving a combined rental income of approximately £975 per week, this equates to £46,800 per annum, making it an attractive turn-key investment opportunity with established demand each year. 

ENTRANCE HALL Accessed via part glazed front door, doors to the lounge, bedroom one, bedroom two, bedroom three and shower room. Radiator. 

LOUNGE 14' 0" x 9' 4" (4.269m x 2.846m) Television point, storage cupboard, seating area, radiator and opening through to the open plan kitchen and dining room. 

KITCHEN/DINER 15' 4" x 15' 3" (4.694m x 4.660m) Rear aspect uPVC double glazed window,uPVC double glazed french doors leading to the decking and rear garden, fitted range of eye and base level units, stainless steel sink and half with a single drainer, rolled edge work surfaces, integrated double oven with a hob and an extractor fan above,integrated washing machine, integrated double fridge and freezer, dishwasher, seating area, door through to the inner hallway with doors to bedroom four, bedroom five and the shower room. 

BEDROOM ONE 11' 6" x 8' 8" (3.518m x 2.655m) Front aspect uPVC double glazed window, radiator. 

BEDROOM TWO 15' 2" x 6' 3" (4.630m x 1.912m) Rear aspect uPVC double glazed window, radiator. Door to the en-suite shower room. 

ENSUITE Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail. 

BEDROOM THREE 10' 8" x 9' 4" (3.263m x 2.853m) Front aspect uPVC double glazed window, radiator. 

SHOWER ROOM Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail. 

BEDROOM FOUR 10' 4" x 8' 0" (3.156m x 2.440m) Side aspect uPVC double glazed window, radiator. 

BEDROOM FIVE 13' 9" x 6' 10" (4.215m x 2.095m) Rear aspect uPVC double glazed window, radiator. 

SHOWER ROOM Three piece suite, walk in shower cubicle, low level WC, wash hand basin, extractor fan and heated towel rail. 

GARDEN Enclosed rear garden with decked area leading to a private lawn. 

 

LEASE INFORMATION Lease remaining is circa 92 years of a 125 year lease. The service charges are approximately £300 per annum including the ground rent. The lease is owned by Exeter City Council. 

Brochures

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.
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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.
Yes
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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Mincinglake Road, Stoke Hill

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About Martin & Co, Exeter

68 South Street, Exeter, Devon, EX1 1EE
Industry affiliations:

Martin & Co Exeter is located on South Street just off the main high street and on one of the main roads into the town.

The Branch Directors are husband and wife team Nik and Rosie Davey. Along with their team they enjoy the constant reward of finding homes for clients to buy and rent.

Whether you're a first-time buyer or are looking to buy a second home or investment property, Martin & Co Exeter will offer a dedicated point of contact to guide you through the process from start to finish and provide outstanding customer service at all times.

Affordability

Monthly repayments£1,939
Property: £ 425,000
Deposit: £ 42,500
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 100679009085. 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 Martin & Co, 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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