Church Road, Alphington, Exeter
- PROPERTY TYPE
Detached
- BEDROOMS
12
- BATHROOMS
6
- SIZE
4,000 sq ft
372 sq m
- TENUREDescribes 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
- Superb investment opportunity
- 12 unit HMO
- 4 self contained flats/studios
- 8 rooms with shared bathrooms
- Newly refurbished
- £10k per month rent
- 12% yield
- Further development opportunity
Description
Fairfax House has been newly and comprehensively refurbished throughout and comprises 12 letting units; 4 self contained flats/studios and 8 spacious rooms with kitchenettes and shared bathroom facilities.
Recent works include a new EICR, Grade A fire system, completed FRA actions, keyless entry and a new roof, ensuring full compliance and immediate operational readiness.
The ground floor accommodation comprises two self-contained units; one studio with nice feature bay window, and one apartment with kitchen/living room and separate bedroom. The accommodation is completed by a large unit with separate living room kitchen and bedroom.
The first floor offers two self-contained studios and two rooms with shared bathroom.
The second floor comprises 5 further rooms, with shared bathroom.
In addition to the main house, there is a large barn with development potential to be extended into a further dwelling (STP).
The main house boasts over 4000 sqft of accommodation and the total plot extends to approximately ¼ acre, with space to the rear of the building currently utilised as parking for residents. There is potential for development of the site to the rear of the house, subject to planning consents.
At full capacity the property will be generating annual revenue of circa £120,000, thus offering a 12% yield. Full management is available from a specialist HMO management agent.
THE LOCATION
Situated in sought after Alphington, the property enjoys excellent access to the A30 and M5, and is moments from Marsh Barton, a major employment centre. Alphington village provides local amenities and a welcoming community feel, while the surrounding Devon countryside offers attractive lifestyle appeal for tenants. This combination of accessibility, demand and setting makes it a highly desirable and resilient location for investment.
SERVICES
Local Authority: Exeter City Council
Council Tax Band: F
Tenure: Freehold
Heating: Electric Heating
Services: Main water supply and mains drainage
Energy Efficiency Rating: N/A, Exemption granted
Flooding- This is deemed to be very low risk for rivers & seas and very low for surface water.
Internet- We understand that standard, superfast and ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps.
Mobile Phone signal - Several networks are currently displayed as available at the property.
AGENT'S NOTES
At the time of preparing these particulars, the units were in the process of being let and therefore exact rental figures are tbc.
To 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, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers. There is a nominal charge of £24 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.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme). It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Communal
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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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Energy performance certificate - ask agent
Church Road, Alphington, Exeter
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Visit our security centre to find out moreDisclaimer - Property reference FairfaxHouse. 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.
*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. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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