£435,000
HMO Detached House
VES-EX15-001
INITIAL INVESTMENT
£124,300
Based on
deposit: £108,750
stamp duty: £13,050
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£39,630
GROSS YIELD
9.1%
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
Benefits include:
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
2 bathrooms
1 reception room
1,614
Fully Furnished
Property information
Renovation works
Rental information
Running costs
The vendor provided us with the following running costs of this property:
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
Cullompton is a town in the county of Devon in south west England. It lies around 13 miles north-east of Exeter on the River Culm and just under 8 miles south-east from Tiverton.
Junction 28 of the M5 motorway is a short distance from the town providing quick access to other parts in the South West as well as linking it to the Midlands. There are also two A-roads which link Cullompton to Honiton and Exeter.
The closest railway station is Tiverton Parkway, which lies around 5 miles north. The station is on the Bristol to Exeter line which is operated by Great Western Railway, whilst CrossCountry trains run between Penzance and Scotland.
Some of the local landmarks include two grade I listed buildings, The Walronds, which was built around 1605 and St Andrew’s Church, which dates to the fifteenth century. Other notable landmarks are Cullompton Manor House and Cullompton Leat.
Cullompton is perfectly placed in stunning countryside and near the Blackdown Hills Area of Outstanding Natural Beauty, offering trails for walking and cycling. Bickleigh Castle is only 5 miles outside of town and has over 900 years of history to explore and the National Trust property Killerton House is also within easy reach. The Jurassic Coast and its plethora of beaches, like nearby Sandy Bay, Seaton Beach or Lyme Bay, also offer great locations for a day out.
Cullompton has a long history of textile production, predominantly in wool and cloth manufacture, as well as leather working and paper manufacture. To date a large number of locals are commuting for work however there are still some local manufacturers including flour and paper mills.
Station Road,
Cullompton,
Devon,
England,
EX15 1AH
Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.
Benefits include:
Important Note
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