Pennsylvania Crescent, Exeter, Devon, EX4
A prime investment opportunity in central Exeter.
A substantial Grade II Listed townhouse, within easy reach of the city centre and university. Currently divided into letting rooms and a garden flat, with potential to generate an income in excess of £50,000 p.a. The house is one of five Georgian townhouses, situated on Pennsylvania Crescent, which has been sympathetically converted to provide a selection of 10 bed/sitting rooms with communal kitchen and bathroom facilities, and self-contained garden flat. A recent appraisal has estimated that the property could generate an income in excess of £50,000 pa based on a full occupancy. For further details of past and projected income, please contact the agents. The accommodation has been maintained to a good standard throughout, retaining many of the property’s original features, whilst also incorporating the necessary adjustments required of a multiple occupancy letting property, however, it could be converted to create a substantial family home again, subject to the necessary consents. In front of the building there is a level lawned garden, sheltered by a selection of mature trees and shrubs, whilst there is a court-yard, terrace and storage area at the rear of the house.