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Our Summary
- Potential to increase combined income to approx
- There is clear scope to increase rental income further by converting the existing ground floor reception rooms in each house into additional fifth bedrooms (STP)
- There is further scope to enhance income by converting the existing ground floor reception rooms in each house into additional fifth bedrooms, subject to compliance and licensing
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Description
The property is a modern four-bedroom student HMO located in an exceptional Exeter city centre location. It comprises three floors of practical and low-maintenance accommodation, with a kitchen/dining room, private courtyard garden, separate ground floor reception room, WC, and four generous double bedrooms. The property has a modern family bathroom and a combined rental income of £70,400 per annum from the 2026/27 academic year's pre-let tenancies.
It also benefits from a CLEUD certificate, confirming lawful HMO use, and has allocated parking for one vehicle. The property is one of two identical student investment properties in the same development and has potential to increase combined income to £91,500 per annum by converting reception rooms into additional bedrooms.