6-bedroom terraced house · EX4 7AD
Listing removedListed 268 days
Opportunity summary
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About
Description This is a very spacious and well-presented 6 bedroom licenced HMO investment property currently let to professionals with a gross annual rental income of approximately £47,500.
The property has a Certificate of Lawful Use (CLEUD) and further benefits from gas central heating, upvc double glazed replacement windows, a modern kitchen with breakfast bar, separate communal room, two bath/shower rooms and enclosed rear gardens.
It is situated in a handy location for access to Exeter City Centre as well as both campuses of Exeter University.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING Ground Floor Vestibule: Quarry tiled flooring, wall mounted fire alarm control panel, tiled surround, part-stained glass door to.
Hallway: Radiator, exposed floorboards, stairs rising to the first floor with a recess below. Living Room: 4.60m (15'1") x 4.01m (13'2") into bay and alcove.
Radiator, Fireplace with wood surround and mantel piece, picture rail, ceiling architrave, central ceiling rose, exposed floorboards.
Kitchen: 5.74m (18'10") x 3.17m (10'5") Heated towel rail, one and a half bowl stainless steel single drainer sink unit with hot and cold mixer tap, five ring gas hob, set in separate work surfaces with cupboards, drawers, appliance spaces below, plumbing for washing machine and dishwasher, tiled splash backs, breakfast bar with cupboards, drawers below, wall mounted cupboard units and glass fronted cabinets, cooker hood, built in electric double oven, ceiling architraves, door to rear garden.
Shower Room: 3.43m (11'3") x 0.74m (2'5") Heated towel rail, shower tray with wall mounted electric shower, wash hand basin, close couple w/c, fully tiled surround, wall mounted mirror, extractor fan.
Bedroom One: 3.84m (12'7") x 3.45m (11'4") into alcove.
Radiator, covered fireplace with wood surround and mantel piece, picture rail, ceiling architrave, laminate flooring, door entry phone, upvc double glazed patio doors to rear gardens First Floor Landing: Stairs rising to second floor.
Bedroom Two: 3.30m (10'10") x 3.17m (10'5") into bay. Radiator, laminate flooring, picture rail, door entry phone, aspect to the rear.
Bathroom: 1.88m (6'2") x 1.42m (4'8") Heated towel rail, panel bath with hot and cold mixer tap, integrated shower head and screen, pedestal wash basin with hot and cold mixer tap, tiled splash backs fully tiled surround, access to roof space, extractor fan.
Separate W/c: Radiator, close coupled w/c, wash hand basin with hot and cold mixer tap, tiled splash backs. Bedroom Three: 3.76m (12'4") x 3.48m (11'5") into alcove.
Radiator, cast iron fireplace with wood surround and mantel piece, laminate flooring, picture rail, pedestal wash basin with hot and cold mixer tap and tiled splash backs, door entry phone, aspect to the rear.
Bedroom Four: 5.23m (17'2") x 4.55m (14'11") into bay and alcove.
Radiator, covered fireplace with wood surround and mantel piece, laminate flooring, picture rail, ceiling architrave, central ceiling rose, aspect to the front.
Second Floor Landing: Access to rood space. Bedroom Five: 3.78m (12'5") x 3.48m (11'5") into alcove.
Radiator, cast iron fireplace with wood surround and mantel piece, laminate flooring, door entry phone, aspect to the rear. Bedroom Six: 5.21m (17'1") x 4.55m (14'11") into bay and alcove.
Radiator, covered fireplace with wood surround and mantel piece, laminate flooring, picture rail, door entry phone, aspect to the front. Outside Front: Path and steps leading to paved patio area.
Rear Garden: Enclosed courtyard garden with pedestrian access to service lane.
Agents Notes: Council Tax Exeter City Council Band D EPC Band C(69) The agent has not had sight of the tenancy agreements and therefore has been unable to verify the rental income.
The figures contained within these details have been provided by the seller. VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL GIVING 24 HOURS’ NOTICE.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Mount Pleasant Road, Exeter
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