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See how verdicts work4-bedroom terraced house · EX2 8LA
Listing removedListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Underhill Estate Agents are delighted to bring to market this spacious, 4 bedroom HMO with garden in St Thomas, Exeter.
This spacious Victorian mid terraced house, which currently operates as a very successful licenced HMO, vendor states the average monthly income is £2,700 per month.
This well maintained property benefits from an open plan kitchen/seating area, a modern fitted kitchen, 4 double bedrooms and a modern fitted bathroom.
The property further benefits from double glazing, central heating and a good sized rear garden. This would make a great investment opportunity to obtain a set up and well established HMO.
Although, it could also easily be returned back into a family home making it a 3 bed with a living room.
Located in the popular area of Alphington, this property is conveniently positioned near local amenities including shops, health centre and outstanding local schools.
It's also a short walk to the historic Exeter Quayside and the city centre. Tenure: Freehold Council Tax: Band D EPC Rating: D
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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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 advisers 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 33 Fortescue Road, Alphington, Exeter
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