4 Bed HMO, Exeter, EX1 2BX £380,000

• Fully let to students every year for the past 10 years +
• 4 Double bedrooms +
• 4 Bathrooms, (3 ensuite bedrooms) +
• Close proximity to the city centre and uni campus +
• Perfect for students at the main campus or St Lukes +
• Gas central heating and double glazing +

An excellent opportunity to acquire an established and stable 4 bedroom, 4 bathroom student HMO investment property generating a gross return of 7.8%. This student property is let for the 2025/26 academic year and will generate an annual gross income of £29,656. It's a 4 bedroom terraced house in touching distance of the city centre, perfect for anyone studying at the main campus or St Lukes. The property has been kept to an excellent standard, all of the bedrooms are doubles and 3 of them have en-suite bathrooms, the other has exclusive use of the ground floor shower room. There is a large modern kitchen, living room and garden for all of the rooms to share. The property is located Newtown, popular for its local shops, pubs, parks and close proximity to the city centre. With an EPC rating of C the property is energy efficient and ready for the upcoming legislation changes. The fire alarm is currently serviced twice yearly and the alarm checked by a professional company on a monthly basis. The potential rent for 26/27 academic year is £30,580 (£160pwpp) The property will be sold with a full set of modern furniture and appliances. Utilities and Services: Mains metered water, gas and electric. Parking: Residential permits available. Tenure: Freehold At 4 bedrooms this property doesn't require an HMO Licence, however it is fully equipped with fire doors, mains powered fire alarm system and other elements should that requirement change in the future. For further tenancy/income details please get in touch with us.

EPC Rating: C