18 Southernhay West
Exeter
Devon
EX1 1PJ
Oakfield Street, Exeter
Guide Price £375,000
4 Bedroom House - Terraced
- Generating a Gross Annual Income of £31,680 (Over Eleven Months)
- Garage to Rear
- No Onward Chain
- Modern Spacious Kitchen
- Well Presented Throughout
- Excellent Location for access to Royal Devon & Exeter Hospital and St Luke's Campus of the University of Exeter
- Four Generous Bedrooms
- Modern First Floor Bathroom
- Gas Central Heating
- Viewing Highly Recommended
Guide Price £375,000 - £400,000:
A superb four-bedroom investment property with the added benefit of a substantial garage/store to the rear, located in the highly desirable area of Heavitree. The property is currently let to four individuals, generating a gross annual income of £31,680 (over eleven months).
Ideally positioned, the property is within easy reach of Heavitree Park, the Royal Devon & Exeter Hospital and St Luke's Campus of the University of Exeter. Excellent transport links are also close by, with convenient access to the M5 and A30, while Polsloe Bridge railway station is within walking distance.
The well-maintained accommodation is arranged over three floors and comprises an entrance hallway, a comfortable living room, a spacious modern fitted kitchen with direct access to the courtyard garden, a contemporary family bathroom and four generously sized double bedrooms. Many rooms benefit from recessed ceiling spotlights, enhancing the property's modern and stylish feel.
Outside, there is an enclosed courtyard garden leading to the rear garage/store, which is accessed via a service lane and features an up-and-over door, providing valuable storage or parking potential.
An early viewing is highly recommended to fully appreciate the accommodation and investment opportunity on offer.
AGENTS NOTE
The property is let at £2,880 per calendar month to four individuals on a tenancy from 1 September 2026 through to 31 July 2027, generating an income of £31,680 and providing a gross rental yield of 7.9% - 8.4% (based on the guide price)
MATERIAL INFORMATION
Utilities:
Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site. https://checker.ofcom.org.uk
VIEWING ARRANGEMENTS
Strictly by appointment with Naomi J Ryan Estate Agents.
REFERRAL FEE DISCLOSURE
We recommend sellers and/or potential buyers use the services of The Mortgage Quarter. Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them. You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
LETTINGS POTENTIAL
Naomi J Ryan Lettings Department have put an estimated rental value on this property of £xxx per calendar month, providing a gross rental yield of xx%. If you would like further information regarding this or any aspect of letting a property, please contact our Lettings & Property Management Department.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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