- Years remaining: 92 years
- Current ground rent: £70
- Ground rent review period: Contact branch
- Annual service charge: £1,824
- Ground rent increase: Contact branch
Council Tax Band: B
Tenure: Leasehold
Whilst the property has previously had planning permission to be a five bedroom HMO, it is currently configured as a four bedroom property. Each room has a modern en-suite shower room and use of the communal kitchen and laundry area. All the rooms are connected to pay as you go electric meters. Water rates and Council Tax included at present, giving the opportunity to raise the overall income potential.
Two of the rooms are currently let on AST's and are generating an income of £12,240 pa. With the current configuration of the property as a four bedroom HMO, this gives a potential annual income of £24,480 with an indicative yield of 12.2% (gross)
Axminster is a market town in East Devon which neighbours the Jurassic Coast coastal towns of Lyme Regis and Seaton. Axminster offers a host of shops and amenities and has excellent transport links with the train line running directly into Exeter Central and London Waterloo
Entrance Hall
Entrance hallway leading to19a and 19b, communal kitchen and laundry area19a
16' 6" max x 10' 8" max ( 5.03m max x 3.25m max )Bedroom with ensuite shower room
19b
17' max x 11' 6" max ( 5.18m max x 3.51m max )Bedroom with ensuite shower room
Kitchen
Communal kitchen with wall and base units, worksurface over, drainer sink, cooker, microwave and fridge freezer. Door leads to laundry area with washing machine and tumble dryer.(please note this could be turned into another bedroom, with the laundry area off the kitchen being turned into the ensuite shower room)
Lobby
Separate entrance lobby to the front of the property leads to 19c and 19d via an outside courtyard sitting area.19c
14' 4" max x 10' 5" max ( 4.37m max x 3.17m max )Bedroom with ensuite shower room
19d
18' 8" x 15' 5" ( 5.69m x 4.70m )First floor bedroom with en-suite shower room
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