3-bedroom terraced house · EX2 5GR
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented three-bedroom townhouse situated in the highly sought-after St Leonards area.
The accommodation comprises a spacious kitchen/diner and a versatile study, which could also be used as a fourth bedroom.
On the first floor, there is a large sitting room with a feature fireplace, a family bathroom, and one double bedroom.
The second floor offers two further double bedrooms, including the principal bedroom with an en-suite shower room.
Outside, the property benefits from an attractive rear garden featuring a patio area, lawn, and pathway leading to the rear access.
The garage is positioned to the side of the property and benefits from both power and lighting, with additional driveway parking for one vehicle in front.
Located in the popular St Leonards area, the property is conveniently situated for local amenities, excellent schools, and easy access to Exeter city centre.
Masterson Street is situated within the highly regarded St Leonards area of Exeter, a popular and well established residential location known for its character and proximity to the city centre.
The property offers excellent access to a wide range of local amenities and is ideally positioned for commuters, with convenient links to the M5 motorway, A30, and A38, as well as easy access to Exeter city centre, which provides an extensive selection of shops, restaurants, and leisure facilities.
COUNCIL TAX: Band D UTILITIES: Mains electric, water & sewerage charges, telecoms services and TV licence are not included in the rent.
AVAILABLE: Now HOLDING DEPOSIT: 1 Weeks Rent The purpose of a holding deposit is to enable both the Landlord and the Applicant to demonstrate their commitment to entering into a tenancy agreement on the terms agreed in this document, subject to the references being acceptable and verified.
Nothing in this agreement requires the Landlord, Winkworth, or the Applicant to enter into a tenancy and all tenancies are subject to contract.
By making this payment both parties are creating a contract about the holding deposit, but they are not entering into a tenancy at this point.
The holding deposit will be a sum equivalent to 1 week of rent for the requested property, which is calculated based on the proposed rent stated on page one of this agreement.
As an Applicant for a property you should understand that where you make this commitment and then subsequently decide not to proceed with our tenancy, perhaps because you have applied for more than one property, you risk forfeiting part or all of your holding deposit.
You should refer to our Refund Terms for more information. DEPOSIT: 5 weeks rent
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Masterson Street, St Leonards, Exeter, EX2
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