Cullompton, Devon

Asking Price £435,000
6 Beds
2 Bathrooms
  • HMO licence for 6 persons & 9.1% gross yield
  • Fire doors and fire alarms fitted in line with regulations
  • 6 bedrooms, one with its own kitchen
  • 2 shower rooms, 2 separate WC's
  • Large, shared kitchen and dining area
  • Generous sitting area
  • Mezzanine level with sitting area/relaxation space
  • Laundry room with storage
  • Garage with electricity supply
  • Private driveway for 2 or 3 cars
  • Small communal garden area
  • Easy access to M5 and the towns amenities

Full Property Details

*Watch the Video Tour* A fantastic investment opportunity with a 9.1% gross yield. Fully licenced HMO for 6 tenants and fully occupied. Spacious accommodation, Parking, and communal garden.

This is an exciting opportunity for an investor who would like to take on a successful House Of Multiple occupancy, (HMO). The property is licenced for six tenants and is fully tenanted. The video tour says it all, however within the last five years, the current owner has carried out extensive renovation works on the property, which include the following: a double-height large kitchen extension with mezzanine floor, with newly laid flagstone floor to the kitchen, new central heating system and radiators, rewired throughout, new windows throughout with triple-glazed windows on the roadside, new bathrooms, front door, and laundry room. The property was re-rendered in lime and repainted in 2020.

Whilst the property does have parking, there is additional parking nearby, for which a permit can be obtained for approximately £400 per annum.

The current owner pays for the all the utilities which is accounted for in the rent paid.

8 Station Road is ideally placed for commuting, with quick access to Exeter via Junction 28 of the M5 or the B3181 main road through Broadclyst and Pinhoe.

There are regular bus services through the town and rail links at Tiverton Parkway and Honiton stations.

Exeter - c. 14 miles
Taunton - c. 23 miles
Tiverton - c. 7 miles
Tiverton Parkway Station - c. 6 miles
Honiton - c. 11 miles

Services Mains Gas, electricity, water, and drainage

Please see the floor plan for the dimensions. The internal photos have been taken with a wide-angle lens to show more of the rooms.

DIRECTIONS
From Seddons' Cullompton office, turn left and turn first right at the traffic lights into Station Road, towards the motorway junction. Number 8 can be seen just after the police station on the right. /// what3words: fears.outlooks.sneezed

Property Location Map

Floor Plan

Property Floor Plan

EPC

EPC

Video Tour