6-bedroom flat · EX2 4HY
For saleListed 372 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
EXCELLENT INVESTMENT OPPORTUNITY!
- Now available for sale is this unique, light and airy 6 bedroom HMO situated in an excellent location at the bottom of Southernhay, and five minutes walk from the High Street The first and second floor apartment comprises 6 double bedrooms, 3 of which having their own private ensuite bathroom, while the remain three rooms share a modern spacious shower room.
On the second floor there is a generous communal room with fitted kitchen, breakfast bar and comfortable sitting area.
The property is currently rented to working professionals on individual tenancy agreements at a combined expected rent of £3745 per calendar month (inclusive of bills).
This offers a competitive return of around 8.5% gross yield, with the potential for this to increased.
NB Flat 4 is also for sale and can be negotiated into any potential purchase, contact us for details.
Tenure: Leasehold (993 years left) plus share of freehold - please enquire for details EPC Rating: E Council Tax: Exeter City Council - Band C EPC Rating: D Bedroom A Spacious double bedroom with ensuite shower room Bedroom B Spacious double bedroom Bedroom C Spacious double bedroom Bedroom D Double Bedroom Bedroom E Double bedroom with ensuite shower room Bedroom F Spacious double bedroom with ensuite shower room Kitchen Living Room Modern fitted kitchen with breakfast bar and sitting area Bathroom Large shower room
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
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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, Exeter, EX2
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