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The Almhouses, Exminster

£450,000

The Almhouses, Exminster

£450,000
  • Ref: PAD1001081
  • Type: Terraced House
  • Availability: For Sale
  • Bedrooms: 4
  • Bathrooms: 4
  • Reception Rooms: 4
  • Tenure: Freehold
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Property Features

  • Centre of a sought-after village
  • Investment opportunity
  • 4 x 1 bedroom apartments
  • Good order throughout
  • Assured Shorthold Tenancies
  • Communal courtyard and lawns
  • Freehold

Property Summary

FANTASTIC INVESTMENT OPPORTUNITY IN THE CENTRE OF THE POPULAR VILLAGE OF EXMINSTER. FOUR 1-BEDROOM APARTMENTS BRINGING IN A TOTAL OF £28,000 per annum.

Situation
Exminster is a charming village located a few miles south of Exeter, with good access links to the M5. The village itself has local shops, pubs and amenities, a local primary school and private primary school. There is also a popular golf course and lovely walks around the local area to be enjoyed. Nearby are peaceful riverside, canal and countryside walks including the RSPB's reserve on Exminster Marshes. The university and cathedral city of Exeter boasts a wide range of shopping, amenities and schooling as would be expected of a city of its importance. There are good rail communications to Paddington and Waterloo.

A unique investment opportunity to acquire four one bedroom apartments in the heart of the desirable village of Exminster. The attractive Grade II Listed property consists of four 1-bedroom self-contained apartments rented out on Assured Shorthold Tenancies currently achieving a gross income of £28,320 per annum.

COMMUNAL AREAS
Main entrance passage leading to the two ground floor apartments and outside to the courtyard. Courtyard garden with various garden sheds and stairs leading to the other two apartments. At the front of the property is a large lawned area with a stone walkway/steps to the front door.

ACCOMMODATION
The two ground floor apartments are a mirror of each other as well as the two first floor apartments. All apartments are with a fitted kitchen, good condition throughout and good size living areas.

The apartments are currently rented out for…

Flat 1 - £595 pcm
Flat 2 - £595 pcm
Flat 3 - £575 pcm
Flat 4 - £595 pcm

A total of £2,360 pcm.

With a bit of updating in various areas these rents could be increased.

For further information or to arrange a viewing please contact our office.

Full Details

Communal courtyard

Communal courtyard

Communal courtyard

Flat 3, Lounge

Flat 3, Lounge

Flat 3, Kitchen

Flat 3, Dining area

Flat 3, Bedroom

Flat 3, Bathroom

Flat 2, Lounge

Flat 2, Kitchen

Flat 2, Bedroom

Flat 2, Bathroom

Flat 3, Kitchen

Flat 3, Bathroom

Front of the property