Bonhay Road, Exeter 5 bed terraced house for sale

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Bonhay Road, Exeter 5 bed terraced house for sale

Bonhay Road, Exeter
£325,000

Our Summary

  • 8%, 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 an investment opportunity located near St Davids Station and the city center, with a current gross annual income of £28,655 from student HMO rentals. The property has historically been used as a student rental and has tenants booked for the 2025/26 academic year, generating a gross return of 8.8%. The property is currently empty, allowing for potential improvements before a new tenancy starts in September 2025. With two bathrooms, four double bedrooms, a large kitchen, and a separate sitting room, the property is fully furnished and ready to use as a rental property. The courtyard garden and lean-to utility area provide additional storage and laundry facilities. The property is being sold as a freehold with a Council Tax band of B.