1 Church Road, Alphington, Exeter EX2

This property presents a unique investment opportunity situated in the desirable village of Alphington, Exeter. With a prime location offering immediate access to major transport links, this asset is ideally positioned for attracting both professional and student tenants. The main building has been thoughtfully refurbished to accommodate 12 spacious rooms with kitchenettes, sharing two main W/C facilities, and is fully compliant with all safety and legal standards, ensuring a ready-to-rent status for investors. The recent enhancements include keyless entry systems and a new roof, significantly reducing the need for immediate repairs or upgrades. A notable feature of this property is the adjacent barn, which holds promising potential for conversion into a five-bedroom dwelling, subject to planning permissions. This could substantially expand the rental capacity of the site to an impressive total of 17 bedrooms, resulting in significant revenue generation. With vacant possession available and the possibility to acquire ownership through an existing Ltd company—offering potential tax advantages—this property not only guarantees immediate income from its current configuration but also provides a clear path toward further capital appreciation through development. Investors looking for a hands-on management strategy will find this opportunity appealing due to its high-yield potential in the thriving Exeter market.