We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work6-bedroom house · EX2 7QT
Listing removedListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY An impressive and spacious six-bedroom licensed HMO, offering an excellent investment opportunity with off-road parking and a garage.
Well maintained throughout and presented in good condition, the property has consistently attracted working professionals due to its convenient location close to Exeter's thriving business districts.
The property currently generates a yearly rental income of £44,820 including bills, providing an established and reliable income stream.
Ideally positioned within the sought-after Kings Heath development on the outskirts of Exeter, the property enjoys excellent access to Exeter City Centre, the M5 and A30, making it particularly appealing to commuters.
A range of retail parks, supermarkets and local amenities are close by, together with regular bus services and a nearby railway station, offering excellent transport links across the city and beyond.
Property Tenure: Freehold Council Tax: D EPC: C BEDROOM 1 12' 5" x 9' 5" (3.78m x 2.87m) uPVC double glazed window with front aspect and radiator.
KITCHEN 16' 4" x 7' 6" (4.98m x 2.29m) Large kitchen opening up to dining area, breakfast bar, integrated double oven, 4 ring induction hob, extractor hood, integrated fridge freezer and dish washer, space and plumbing for washing machine, radiator, wooden flooring and storage cupboard.
DINING ROOM 7' 10" x 6' 11" (2.39m x 2.11m) uPVC double glazed double doors leading to garden, radiator, open plan to kitchen, space for dining table, sofa, or further white goods.
BEDROOM 2 14' 9" x 7' 8" (4.5m x 2.34m) Double aspect uPVC doubled glazed window looking to the front of the property, radiator and fireplace surround.
BEDROOM 3 14' 7" x 12' 8" (4.44m x 3.86m) Double aspect uPVC doubled glazed window looking to the back of the property, radiator, built in wardrobes and ensuite.
ENSUITE 7' 0" x 6' 9" (2.13m x 2.06m) Enclosed shower cubical, with mains powered shower, WC and sink. Mains powered heated towel rail.
BEDROOM 4 14' 11" x 8' 4" (4.55m x 2.54m) Double aspect uPVC doubled glazed window looking to the back of the property, radiator and built in wardrobes.
BEDROOM 5 12' 6" x 7' 3" (3.81m x 2.21m) uPVC doubled glazed window with front aspect and radiator. BATHROOM 7' 3" x 7' 3" (2.21m x 2.21m) Bath, with mains powered shower, WC and sink with mixer taps.
Mains powered heated towel rail. BEDROOM 6 12' 9" x 6' 11" (3.89m x 2.11m) uPVC doubled glazed window with front aspect and radiator.
LETTINGS INFORMATION Room 1 - Let on a periodic tenancy at a rent of £565pcm. Room 2 - Let on a periodic tenancy at a rent of £635pcm. Room 3 - Let on a periodic tenancy at a rent of £690pcm.
Room 4 - Let on a periodic tenancy at a rent of £665pcm. Room 5 - Let on a periodic tenancy at a rent of £515pcm. Room 6 - Let on a periodic tenancy at a rent of £565pcm.
Garage - Let on a periodic tenancy at a rent of £100pcm.
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, Superfast and Ultrafast
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
Agent & docs
FAQ
About Royal Crescent, Exeter
Explore nearby
