7-bedroom house · EX4 4JF
Listing removedListed 180 days
Opportunity summary
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About
Richmond Road, Exeter – A substantial and fully refurbished seven-bedroom student HMO, all with en-suite facilities, situated in a prime central Exeter location, offering an excellent investment opportunity with strong rental appeal.
We believe the property will achieve circa £65,000 net income per annum, making it a highly attractive, ready-made investment in a proven student location.
The property has been comprehensively refurbished throughout, creating a high-quality and modern living environment designed to maximise both tenant comfort and long-term rental performance.
Each of the seven bedrooms is generously sized and benefits from its own en-suite, making the property particularly appealing to student tenants seeking both privacy and convenience.
The accommodation includes a communal living and dining area, providing a comfortable and sociable space for tenants, alongside a well-appointed shared kitchen with ample storage and worktop space to serve a full household.
Further enhancing the practicality of the property is an additional shared WC.
Externally, the property benefits from a rear garden – a valuable and increasingly sought-after feature within student accommodation.
Situated on Richmond Road, the property enjoys a highly convenient central location, within easy reach of the University of Exeter, St Luke’s Campus, Exeter College, and the city centre.
A wide range of shops, cafés and transport links are all within walking distance, making it an ideal setting for student living.
This is a superb opportunity to acquire a fully refurbished, compliant and well-located student HMO, offering strong and consistent rental demand in one of Exeter’s most popular student areas.
Early enquiry is highly recommended.
The Property Richmond Road, Exeter – A substantial and fully refurbished seven-bedroom student HMO, all with en-suite facilities, offering a high-quality and modern investment opportunity in a prime central location.
The property has been thoughtfully updated throughout to create a comfortable and contemporary living environment, with each of the seven bedrooms benefiting from its own private en-suite, making it highly desirable for student tenants.
In addition, the property features a communal living and dining space, a well-equipped shared kitchen, and an additional WC for convenience.
Externally, there is a rear garden, providing valuable outdoor space for tenants.
Ideally positioned within easy reach of the University of Exeter, St Luke’s Campus and the city centre, along with a wide range of amenities and transport links, this property represents a strong and reliable investment opportunity in one of Exeter’s most popular student locations.
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 26, Richmond Road, Exeter
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