1-bedroom house · EX2 4HY
Listing removedListed 37 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A smart and modern professional share in the heart of central Exeter.
This modern and spacious houseshare is located at the bottom of Southernhay on Magdalen Street and so is ideal for anyone working in the city centre.
The High Street, bus and central train stations are all within an easy walking distance away.
Each room comes with a full complement of high quality furniture, a double bed and new mattress protector, large wardrobe, chest of drawers, bedside table and desk.
Three of the bedrooms are ensuite and have their own shower room and WC, the standard rooms share a modern shower room.
There is also a communal kitchen/living room with furniture and appliances provided. The house is occupied by and is always a great way to meet new people and get to know the city.
The houses are intended to cater for the hard working professional who is looking for a comfortable and clean place to live, the property is always kept at a high standard to ensure tenants always have the best possible experience.
Rents are inclusive of ALL bills, including the wireless broadband, communal cleaning and the usual utility bills such as heating, electric, water and council tax.
Currently available: Room B - £625pcm - Double bedroom non-ensuite - available now Tenancy Restrictions: No smokers, No . Quiet , couples not accepted at this property. Deposit: £500 EPC Rating: D
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Magdalen Street, 50 Magdalen Street, EX2
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