8 bed terraced house for sale

66 & 67 Magdalen Street, Exeter, Devon EX2

For sale by traditional online auction, with bids invited by 13th February, 2024 at 5:00pm. For viewings please book in online via our website to one of the scheduled block appointments. Further images are available on our website.

A rare and exciting City Centre residential investment opportunity comprising these two large period, mid-terrace properties currently comprising 7self-contained flats all being fully let on assured shorthold tenancies. The properties, which have accommodation over five floors, now offer huge scope and potential for serious residential investors, some of whom that will envisage the continuation of the current set up of a strong yielding investment. Others however may consider the formal break up and sale of the individual units, subject to any necessary consents being obtainable.

Seven flat investment property

A rare and exciting City Centre residential investment opportunity comprising these two large period, mid-terrace properties currently comprising 7self-contained flats bringing in a gross annual income of £59,040. The properties, which have accommodation over five floors, now offer huge scope and potential for serious residential investors, some of whom that will envisage the continuation of the current set up of a strong yielding investment. Others however may consider the formal break up and sale of the individual units, subject to any necessary consents being obtainable.

Accommodation

No.66 Magdalen Street

Ground floor: Communal reception hallway; Flat 1: Hallway, kitchen, living room, bedroom, bathroom/WC.

First floor: Landing; Flat 2: Kitchen/living room/bedroom, bathroom/WC.

Second floor: Flat 3: Hallway, kitchen, living room, stairs rising to:

Attic bedroom and bathroom

Outside: Courtyard area to rear.

No.67 Magdalen Street

Lower ground floor: Flat 1: Kitchen/living room, two bedrooms, bathroom/WC.

Ground floor: Communal reception hallway; Flat 2: Living room, bedroom, kitchen, bathroom/WC and utility room.

First floor: Landing; Flat 3: Hallway, kitchen, living room, bedroom, bathroom/WC.

Second floor: Flat 4: Hallway, kitchen, living room (occasional bedroom 2), bedroom, bathroom/WC, stairs leading to attic bedroom.

Outside: Courtyard area to rear.

Tenure

Freehold subject to tenancies.
Tenancy information


All let on assured short-hold tenancy agreements. Please refer to the auction legal pack for further information:

No.66

Ground floor flat: £675 per calendar month.

Middle floor flat: £520 per calendar month.

Top floor flat: £650 per calendar month.

No.67

Basement flat: £800 per calendar month.

Ground floor flat: £700 per calendar month.

First floor flat: £650 per calendar month.

Top floor flat: £925 per calendar month.

Total: £4,920 per calendar month/£59,040 per annum exclusive.

Epcs

Ratings:

No.66: Ground floor flat: E, First floor flat: E; Top Flat: E.

No.67: Basement flat: D; Ground floor flat: D; First floor flat: E; Top floor flat: E.

What3Words

Soft.played.burn

Broadband & Mobile Coverage

Broadband: Ultrafast available.

Mobile: Indoor likely. Outdoor likely.

Source:

Viewings

Please book in online to one of the scheduled block appointments.

Important Information

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Auction Legal Pack & Finance

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!