Desmond and Co are thrilled to bring the large ten bedroom student hmo property to the market.
Queen Anne Terrace is a row of magnificent and grand buildings, opposite the University of Plymouth, with outstanding views of the reservoir and the university grounds. The property is also a stones throw away from Plymouth City Centre and Plymouth Train Station.
This investment property is located over four floors and offers two self contained one bedroom flats and an extensive eight bedroom house with ample amount of modern living space, wc's and shower rooms.
The property feels bright and airy through out with lovely large windows and boasts an amazing modern open plan kitchen with two ovens and hobs, a dishwasher, washing machine, tumble dryer, two fridge freezers and lounge with a brand new fitted Kitchen. All letting rooms are double bedrooms and are fully equipped to meet the standard and expectations a student would require.
At the rear of the property there are three parking spaces which are also available to rent.
Income: Currently producing a Gross Rental Income of £56,748 per annum for 2019/2020 academic year based on 48 week letting contract for the 8 bedroom house and the flats are on 50 week contracts. The property is currently fully managed by Student Life.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.