5 bed flat for sale

Alphington Road, Exeter EX2

Block of 3 flats with the freehold. Generating an income of £27,480 currently. Perfect ready made investment.

Full details An excellent opportunity to acquire a freehold block of three self-contained flats, ideally positioned on Alphington Road, within easy reach of Exeter city centre, Exeter Quay and a wide range of local amenities and transport links.

Currently generating just under £30,000 per annum, with scope to further increase the rental income, this is a ready-made investment opportunity with excellent tenants already in situ. The property is offered for sale with no onward chain and a highly motivated seller, making it an opportunity not to be missed.

Upon entering the property, a communal entrance hallway provides access to the staircase serving the upper flats, as well as the entrance to Flat 1.

Flat 1 is a spacious two-bedroom apartment comprising a separate living room, separate kitchen and bathroom. This flat currently benefits from the use of the rear garden and off-road parking.

Flat 2 is another well-proportioned two-bedroom flat, offering two bedrooms, a separate living room, separate kitchen and bathroom.

Flat 3 features a modern and appealing layout, comprising a large double bedroom, shower room and an open-plan living, dining and kitchen area.

The property's location is a particular highlight. Situated on Alphington Road, it offers excellent access to Exeter city centre, the popular Exeter Quay, the M5 and A30, along with convenient transport links including nearby train stations and regular bus routes. With a wealth of shops, restaurants, leisure facilities and everyday amenities close by, the flats are ideally suited to working professionals and small families, ensuring continued strong rental appeal.

With a freehold title, three established flats, tenants in situ, off-road parking, rear garden and scope to enhance the existing rental income, this is an attractive and straightforward investment opportunity in a highly convenient Exeter location.
Viewing is highly recommended to appreciate the investment potential on offer.