6-bedroom house · EX4 6DB
Listing removedListed 357 days
Opportunity summary
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About
HMO STUDENT INVESTMENT - An excellent opportunity to acquire an established and stable 6 bedroom HMO investment property generating a gross return of 7.6%, located in one of Exeter’s most popular student areas.
This large and centrally located 6 bedroom student house is on Pennsylvania Road in close proximity the University Campus as well as the city centre, making it very popular with students each year.
It has 6 good size double bedrooms, a large living room, 2 main bathrooms as well as an ensuite bedroom, to the rear is a courtyard garden.
The ground floor kitchen, utility and bathroom have been newly refurbished in 2024.
The property is let for the current (25/26) and next (26/27) academic years at £160pwpp/£4,170pcm generating a gross annual income of £45,870, bills are not included within the rent.
There is certainly scope for this income to be improved upon in the future.
On the ground floor: 2 double bedrooms, one of which is large Modern kitchen and utility room which was new in 2024 Modern shower room with WC, also new in 2024 On the first floor: A good sized double bedroom At the front of the house is a large living room with plenty of seating and a dining table Main bathroom with a shower over the bath Storage cupboard On the second floor: A further 2 double bedrooms, the front one is large On the top floor A large double bedroom with an ensuite Outside To the front is a small garden for bin storage, an ornate pathway and planted beds To the rear is a walled garden with patio area and raised beds Tenure: Freehold Property Status: Grade II listed.
For further tenancy/income details please get in touch with us. EPC Rating: E
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 Pennsylvania Road, Exeter, EX4
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