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5 bedroom terraced house for sale
Bonhay Road, Exeter
£340,000
Bonhay Road, Exeter
£340,000
Our Summary
- This property is being offered for sale as either a rental investment or a family home, the property has historically been used as a student HMO rental property and generates an gross annual income of £28,655 when let at it's current rate of £120pwpp, a figure which has plenty of scope for improvement, we would expect it to achieve something in region of £140pwpp (£33,440pa) if modernised in some areas
Description
This 5-bedroom terraced house is located near St Davids Station and within walking distance of the city center and university campus, making it an ideal rental investment or family home. The property has a proven track record as a student HMO rental property, generating a gross annual income of £28,655 at its current rate of £120 per week per person. With scope for improvement, the property could potentially achieve a higher income of £33,440 per annum if modernized. The property is currently empty and available for purchase, offering the new owner time to make improvements before the new academic year begins in September 2025. Alternatively, it could be used as a family home. The property features two bathrooms, four good-sized double rooms, a large kitchen, separate sitting room, and a courtyard garden, and comes fully furnished and ready to use as a rental property.