4-bedroom house · EX4 3AJ
For saleListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a well maintained HMO in Exeter city centre, including a four bedroom semi-detached house and additional lower ground floor studio flat which has a separate entrance.
Both the main house and the studio have tenancies for the current academic year as well as lets agreed (stc) for 2026/27, with annual rental income totalling £39,083. This represents a yield of 7.9%.
The property The main house is accessed from Bartolomew St West with the accommodation set out over three floors. The ground floor comprises a hallway which leads to an open plan kitchen/living room.
The kitchen is modern, with grey units, integrated appliances and solid wood worktops. There is a ground floor WC and stairs from the hallway to the first and second floors.
The first floor comprises two double bedrooms plus shower room and the second floor is a replica, with two further bedrooms and shower room.
Accessed from the rear of the building, via Rackclose Lane (a pedestrian lane), is the self-contained studio flat, which consists of modern kitchen, bathroom and bedroom/living area.
The location Bartholomew St West is in the heart of the city, within close waking distance to all local amenities.
The Picturehouse cinema is a stones throw away, as are the plethora of shops bars and restaurants on Fore Street.
The location makes it extremely popular with students and other renters who wish to have everything on their doorstep.
Services Local Authority: Exeter City Council Council Tax Band: C/A Tenure: Freehold Heating: Gas Central Heating/Electric heating Services: Mains water supply and mains drainage Energy Efficiency Rating: D Parking: We understand discounted season ticket are available for the Bartholomew Terrace car park Flooding- This is deemed to be very low risk for rivers & seas and very low for surface water.
Internet- We understand that standard, superfast and ultrafast broadband can be found in this locality providing a download speed up to 1000Mbps.
Mobile Phone signal - Several networks are currently displayed as available at the property.
Agent's note To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding.
We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers.
There is a nominal charge of £24 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request.
Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme).
It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 1, Bartholomew Street West, Exeter
Explore nearby