3-bedroom house · EX4 6DB
Listing removedReduced £20k (−4.7%) on 25 AugListed 210 days
Opportunity summary
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About
Situated on Pennsylvania Road in Exeter, this charming terrace house presents a remarkable investment opportunity.
Currently divided into three self-contained flats, the property boasts three reception rooms, three bedrooms, and three bathrooms, making it an ideal choice for those seeking a versatile living arrangement or rental potential.
The location is particularly advantageous, being in close proximity to the university and offering excellent transport links.
Residents will appreciate the convenience of being within walking distance to the city centre, where a variety of shops, restaurants, and amenities await.
This property retains many period features, showcasing the character and charm of its original design.
The conversion has been executed well, providing a functional layout that maximises space and comfort.
Additionally, the enclosed rear courtyard offers a private outdoor area, perfect for relaxation or entertaining. Being chain-free adds to the appeal, allowing for a smoother transaction process.
With its huge potential for further development or enhancement, this property is not to be missed.
Whether you are looking to invest or seeking a home with character in a prime location, this house on Pennsylvania Road is a fantastic opportunity.
Agents note, two on the flats are currently tenanted with the tenants on periodic tenancies * 1 Bedroom Flat * 1st floor of Period Conversion * Fully Furnished * Available Immediately * Offering Good Access to City Centre & Exeter University * EPC Rating: C * Ground Floor After entering the front door of the property to you are greeted by stairs that lead to the first floor, the door to the right takes you into the first self contained apartment which benefits from period features, bay window skirting etc, from the sitting room, if you proceed you have the bedroom on your right and the kitchen/dining room in front which leads nicely to the enclosed court yard garden, via the kitchen/dining room you can enter the shower room.
First Floor Once you have taken the stairs to the first floor you enter another beautifully maintained self contained apartment, which is extremely light and bright, this apartment benefits a good sized sitting/dining room, shower room, kitchen and good sized double bedroom, this apartment has been well looked after and is modern.
Second Floor On this floor there is a further apartment which is smaller than the first two but still self contained, boasting big windows and reasonable room sizes, there is a sitting room/dining room, shower room, double bedroom and a kitchen facing the front aspect, this apartment is modern and tidy.
Value & comps
No previous sales on record.
Returns
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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 41, Pennsylvania Road, Exeter
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