3 Bed Terraced House For Sale

Landlord investment opportunity with tenant in situ. The property has a potential yield of around 6%.

A readymade investment opportunity.

A well presented terraced property situated on Honiton High Street currently split in to two rentable flats with a tenant already in situ on the top floor.

Downstairs is a superb one bedroom ground floor flat. The property offers a spacious bay fronted living room with wooden flooring, bay fronted double bedroom, modern kitchen with slate flooring and composite work surfaces, contemporary shower room, built in storage cupboards, uPVC double glazing and electric heating system. This flat should let out for around £575 pcm.

A separate entrance to the side of the building has stairs up to a good sized two bedroom flat. This includes gas central heating with radiators throughout, two good sized bedrooms, a bathroom, a kitchen with built in oven and gas hob and a large lounge. This property is currently let out at £595 pcm.

AGENTS NOTE
There is no outside space with this property and no allocated parking. There is daytime restricted on-road parking on the High Street to the front and an EDDC car park in nearby Dowell Street for which an annual permit can be purchased.

Situated on Honiton’s main high street, the property is well positioned for access to the facilities in the historic town which is well served with shops, schools, restaurants and public houses, as well as a main line rail station and sports centre. Honiton enjoys excellent communication links with the A30 dual carriageway providing easy access to the cathedral city of Exeter and the M5 motorway, as well as the A303 Exeter/London trunk route. An international airport is also available at Exeter.