3 bed terraced house for sale in 3 self contained 1-bedroom flats

SUMMARY A rare opportunity to acquire an elegant Victorian investment property in one of Exeter's most sought-after city centre locations. This attractive period residence has been thoughtfully arranged into three self-contained one-bedroom flats and is offered for sale with the freehold. Fully let to professional tenants, the property currently generates an approximate gross rental income of £30,900 per annum, presenting an exceptional turnkey investment opportunity.

The property has been carefully maintained and successfully combines the charm and character of its Victorian heritage with practical, well-appointed accommodation. A wealth of original period features enhances its appeal, while each flat benefits from its own utility meters, gas boilers/heaters and is individually assessed as Council Tax Band A. The property is fully uPVC double glazed throughout, has a hard wired central fire alarm system and all kitchen white goods are included in the sale. On-street residents' permit parking is also available.

Offering immediate rental income, long-term investment potential and an enviable central location, this is a superb opportunity to acquire a characterful freehold property in the heart of Exeter, with established tenancies already in place.

Property Tenure: Freehold
Council Tax: All flats are in Council Tax Band A.
EPC: All flats have a EPC C rating

LOCATION Perfectly positioned on Old Tiverton Road within easy walking distance of Exeter's vibrant city centre, residents enjoy immediate access to an excellent selection of independent shops, cafés, restaurants and bars, together with Exeter Central Station, Exeter College, the University of Exeter and a wealth of other amenities, making this an desirable location for tenants.

GROUND FLOOR FLAT The front door opens into a spacious and welcoming lounge, featuring a beautiful bay window to the front, an attractive feature fireplace, and original exposed wooden floorboards that enhance the property's character. From the lounge, a door leads through to the generous double bedroom, which also benefits from an original fireplace and charming period features.

An inner hallway provides access to the fitted kitchen, offering a large window that fills the room with natural light, ample space for a dining table, and a useful understairs storage cupboard.

From the kitchen, there is access to the utility/shower room, fitted with a central heating boiler, shower and wash hand basin, together with a separate WC. The shower room also leads to a rear porch, providing exclusive access to the large private, sunny rear garden. Beautifully arranged with a patio seating area and established borders, this delightful outdoor space is ideal for relaxing or entertaining.

FIRST FLOOR FLAT The front door opens into a spacious kitchen/dining room, featuring the central heating boiler, an attractive fireplace and ample space for a dining table, creating an ideal setting for both everyday living and entertaining.

A door leads through to the generous lounge, a bright and welcoming room enhanced by a feature fireplace and a large bay window to the front, allowing plenty of natural light to flood the space.

Leading from the kitchen is a well-proportioned double bedroom, complete with a charming feature fireplace and the added convenience of an enclosed shower cubicle. A further door provides access to a separate WC, fitted with a wash hand basin and central heated towel rail.

SECOND FLOOR FLAT The front door opens into a compact fitted kitchen, doors from the kitchen lead through to the spacious lounge, which benefits from a gas heater, a charming original fireplace, useful further built-in storage units and dedicated space for a fridge/freezer.

A further door from the kitchen leads to the double bedroom, which retains an attractive original fireplace, adding character and charm. The bedroom also benefits from a gas heater, private en-suite shower room, complete with shower, wash hand basin, and WC.

LETTINGS INFORMATION Currently this investment opportunity achieves a gross rental value of approximately £30,900 per annum.

The individual flats are achieving the following rents:
Ground Floor Flat £995 pcm
First Floor Flat £850 pcm
Second Floor Flat £725 pcm