4-bedroom house · EX4 6LZ
For saleListed 195 days
Opportunity summary
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About
A well-presented four-bedroom property situated in a popular cul-de-sac, ideally located close to the University of Exeter and the city centre, making it an excellent opportunity for student investors.
The property comprises a spacious lounge, a modern fitted kitchen, and a generously sized rear garden, offering both comfortable living and strong rental appeal.
Summary A well-presented four-bedroom property located on Lucas Avenue, making it highly attractive to student tenants. The property blends original features and character with modern living.
Location: Ideally situated within walking distance of the University of Exeter (including St Luke's Campus) and Exeter city centre. A local Co-op is just a short walk away for everyday convenience.
Living Space: Spacious living room with double doors leading to a generous rear garden, creating a bright and airy space ideal for communal living.
Bedrooms: Four bedrooms arranged over two floors, comprising three double bedrooms and one smaller room.
Outdoor Area: Large, secure courtyard garden with gated access and an external utility/drying room housing a tumble dryer. Parking: On-street residential parking (permit required).
Tenure: Freehold Council Tax: C EPC: D lounge 11' 00" x 10' 11" (3.35m x 3.33m) Wall mounted radiator, fire surround, uPVC double doors leading to garden.
Kitchen 7' 11" x 7' 8" (2.41m x 2.34m) A range of wall and base units, incorporating an integrated, dishwasher, oven, microwave, electric hob, and extractor hood.
UPVC doubled glazed window overlooking the rear garden. Bedroom 1 13' 00" x 13' 00" (3.96m x 3.96m) Wall-mounted radiator, fire surround with hearth (currently boarded up).
UPVC double glazed bay windows overlook the front.
Bathroom 7' 4" x 5' 10" (2.24m x 1.78m) Two wall-mounted heated towel rails, wall-mounted mirrors, WC, wash hand basin, and a bath with shower over (running off the boiler).
UPVC doubled glazed window with frosted glass over looking the garden. Bedroom 2 11' 7" x 11' 00" (3.53m x 3.35m) Wall-mounted radiator, fire surround and hearth (currently boarded up).
UPVC doubled glazed window overlooking the rear garden. Bedroom 3 12' 6" x 10' 11" (3.81m x 3.33m) Wall-mounted radiator, fire surround and hearth (currently boarded up).
UPVC doubled glazed window overlooks the front. Bedroom 4 8' 0" x 7' 8" (2.44m x 2.34m) Wall-mounted radiator, built in single wardrobe/mirror.
UPVC doubled glazed window overlooking the front of the property. Lettings/rental information This property has been let out to students since 2006. Rented for 2025/26 academic year for £2512pcm.
Tenants found and secured for the 2026/27 academic year for £2636pcm which is a 8% yearly yield.
Services Electric Supply: Mains Heating Supply: Mains Gas Sewerage: Mains Water Supply: Mains Mobile Signal: Several networks showing as available including EE, Vodaphone, 3 and 02 Broadband: Standard and Ultrafast
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
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FAQ
About 14, Lucas Avenue, Exeter
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