Property description
Summary:
This substantial period terraced house is located in St James - a much sought after investment area – and is currently let being as three flats and is generating £15,840 gross per annum. The property is in need of modernisation but retains many original features throughout to including original fireplaces, coving and picture rails. Each flat is equipped with own Bathroom & Kitchen facilities. The ground floor flat has two bedrooms with first and second floor flats each having one bedroom. The location is within easy walking distance of the wide range of amenities offered in Exeter City Centre, Exeter University and the Railway & Bus Stations and there is a high demand for accommodation in this area. In addition there is a 24-hour convenience store close by. Further available transport facilities include an international airport plus easy access to the major road networks via M5, A30 and A38. For those looking for outdoor pursuits Exeter enjoys a central location with many sporting pursuits available and the Dartmoor National Park and Jurassic coastline around 30 minutes away by car. There is scope to develop further the current use or, subject to the necessary planning approvals, could become an interesting development project.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING
The property is set a little off the footpath with a gated walled frontage, providing an enclosed hardstand for bins, with a path leading to solid wood front door which opens into a shared hallway:
Flat One: EER F (25)
A secure door opens into hallway with an under stairs storage and doors opening into:
Bedroom One: 16' 1" (4.9m) Into Bay Window x 12' 3" (3.73m) into Alcoves
A spacious room with uPVC double glazed bay window to the front with original architrave, ceiling rose, picture rails and imposing marble fireplace and mantelpiece surround with mounted electric heater.
Bedroom Two: 13' 5" (4.09m) x 12' 9" (3.89m)
A double bedroom with a uPVC double glazed patio door to rear garden. Many original features include architrave, ceiling rose, picture rails, marble fireplace & mantelpiece surround with mounted electric heater.
Lounge/Diner: 12' 7" (3.84m) x 10' 10" (3.3m)
UPVC double glazed window to the side. Original built in wall cupboards and fireplace feature with wood mantelpiece surround with archway leading to:
Kitchen 11' 0" (3.35m) max x 6' 9" (2.06m)
Modern fitted Kitchen with wall floor and drawer units with space and connections beneath rolled worktops for washing machine and tumble dryer. Space and connections for freestanding electric cooker, a wall mounted heater and extractor.
Bathroom: 8' 5" (2.57m) x 4' 5" (1.35m)
UPVC window to side with coloured suite comprising bath with shower attachment and pedestal wash hand basin. Wall mounted electric heater and extractor. Door leads to WC with uPVC double glazed window to the rear.
Rear Garden: Low maintenance enclosed courtyard garden with established borders and a gate to rear service lane.
Flat Two: EE F (33)
Stairs to first floor landing where there are a suite of secure rooms that make up the accommodation that is let as Flat Two and comprises:
Lounge: 19' 0" (5.79m) into Alcove x 13' 5" (4.09m)
A light, airy and spacious room with two uPVC double glazed windows to the front. Many original features to include architrave, ceiling rose and marble feature fireplace with mantelpiece and inset electric heater.
Bedroom: 13' 1" (3.99m) x 12' 10" (3.91m) into Alcove
A lovely spacious room with uPVC double glazed window to the rear. Original built-in cupboards and fireplace feature with wood mantelpiece surround and electric heater.
Kitchen/Diner: 11' 1" (3.38m) x 10' 9" (3.28m)
Modern fitted kitchen with cream fronted wall floor and door units with rolled edge worktops. Free standing gas cooker with stainless steel extractor over. Single drainer stainless steel sink unit with space and connections for washing machine and fridge/freezer. Original built-in cupboard with wooden mantelpiece around cast iron fireplace.
Bathroom with separate WC: 7' 11" (2.41m) x 5' 5" (1.65m)
UPVC opaque double glazed window to side. A modern white suite with mains shower over panelled bath, pedestal wash hand basin, towel rail and wall mounted gas boiler providing hot water. Alongside is separate WC with uPVC double glazed opaque window to side and loft access.
Flat Three: EER F (29)
Door and stairs to second floor (Flat Three) with uPVC double glazed window on half landing and substantial landing area for storage with shelves.
Living/Dining Room: 13' 1" (3.99m) x12' 0" (3.66m) max
UPVC double glazed window to the rear. Fitted kitchen floor units with rolled top worktops, with a breakfast bar, and stainless steel single drainer sink unit. Ample space for table & chairs, freestanding gas cooker, washing machine and a fridge/freezer. Original built-in cupboard and cast iron fireplace with wood mantelpiece surround and wall mounted electric heater.
Bedroom/Lounge: 14' 4" (4.37m) max x 13' 5" (4.09m)
A spacious room with uPVC double glazed window to the front. Wall mounted electric heater with original wood mantelpiece surround. Shelved alcove, limited height in corners and a gas/electric multipoint immersion tank providing hot water.
Bathroom: 9' 6" (2.9m) x 4' 3" (1.3m)
White bathroom suite with panelled bath, pedestal wash hand basin, with shaver point and WC.
Agents note: The property is currently as three separate letting units on a periodic tenancy and achieves a gross income of £15,840 per annum with future potential to increase rental income further. The property is in an area that is popular with student at University of Exeter and, subject to planning consents, could be converted to provide student accommodation.
There is a secure communal garden and there is an annual maintenance fee of £25.
Council Tax Exeter City Council Each Flat is Band A
For further information regarding this property please contact
COLIN JARRETT, LOTTIE WEEKS or IVOR BULL
VIEWING ONLY BY APPOINTMENT PLEASE WITH CARDENS RESIDENTIAL
Directions:
From our offices in Longbrook Street proceed down the road, straight over the mini rou8ndabout into Pennsylvania Road. Powderham Crescent is the second right, just past the convenience store on your left, and the property will be found on your right.
Property Features :
- A substantial investment property in this popular area
- Currently let as three flats providing a gross income of �
- No upward chain and priced to achieve a quick sale.
Property Info: