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See how verdicts work6-bedroom house · EX4 6JL
Listing removedListed 404 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb six-bedroom HMO investment opportunity, currently generating a gross rental yield of 7.6%, let at £46,079 for the 25/26 academic year over 11 months (exclusive of bills).
The owner covers the water utility charges. Currently let agreed for the 26/27 academic year at £51,840 (exclusive of bills) generating a gross rental yield of 8.6%.
Located in this prime position on Springfield Road, the property is within walking distance of the City Centre, St Luke's and Streatham University Campus, and the Royal Devon and Exeter Hospital.
The property has been well-maintained by the existing owners and has accommodation comprising an entrance hall, living room, open-plan kitchen/dining room, six double bedrooms, two shower rooms, and an enclosed rear garden.
Early internal viewing is highly recommended. Material Information Construction notes: Awaiting information. Utilities: Awaiting information.
Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents. Referral Fee Disclosure We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
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 10, Springfield Road, Exeter
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