4-bedroom house · EX4 6SL
No longer listedListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
STUDENT LET 2027/28 A spacious and well-presented 4-bedroom end-terrace house set over three floors, located on Salem Place in the heart of Exeter.
Just a few minutes' walk from the High Street and within easy reach of the main University of Exeter campus, this property offers an ideal location for students.
With generously sized bedrooms, a comfortable living area, and a practical layout throughout, it provides a great balance of space, convenience, and comfort for shared student living.
Location: Salem Place Rent: £170 per person per week (excluding bills) Bedrooms: 4 doubles Bathrooms: 2 Available From: August 2027 Deposit: 5 weeks Holding Deposit: 1 Weeks Rent Book a viewing today on – houses go fast!
Applicants must nominate a lead tenant who will pay the holding deposit on behalf of the group.
Once the holding deposit is paid, the property will be secured and from this point there will be 15 days ONLY in which to complete the full registration, Right to Rent Check, referencing and Tenancy Confirmation Process.
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.
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
Agent & docs
FAQ
About Salem Place, Devon, EX4
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