St. Johns Road, Exeter 5 bed terraced house for sale

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St. Johns Road, Exeter 5 bed terraced house for sale

St. Johns Road, Exeter
£360,000

Our Summary

  • 6%, 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
  • Tenure: FreeholdHMO: The property has a current HMO Licence for 5 people and a planning application has been lodged to obtain a certificate of lawfulness for the relevant Article 4 planning permission

Description

This 5-bedroom terraced townhouse in Mount Pleasant offers a lucrative investment opportunity, generating a gross annual income of £31,075 and a gross yield of 8.6%. The property has been used as a student HMO rental property and is currently tenanted, with new tenants booked for the 2025/26 academic year. The property features five double bedrooms, a living room, kitchen, separate WC and shower room, and a courtyard garden. The current tenants pay their own bills, and with some modernization, the property is expected to achieve a gross return of £33,440 per annum. The property is being sold as a freehold, and a current HMO licence allows for 5 people to reside in the property.