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See how verdicts work3-bedroom property · EX2 4TA
Listing removedListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity – Fully Let 3-Bed HMO Offers over £275,000 Guide: £300,000 Located in the heart of the vibrant and highly sought-after St Leonards area, this fully tenanted three-bedroom HMO presents an excellent investment opportunity in one of Exeter’s strongest rental locations.
Arranged over two well-proportioned floors , the property offers a light and welcoming living space, a fitted kitchen, and three generously sized bedrooms , making it ideally suited to professional sharers.
Period character blends seamlessly with contemporary finishes, ensuring ongoing tenant appeal and low void risk.
Currently let as a fully occupied HMO , the property provides immediate income, making it an attractive, ready-made addition to an investor’s portfolio.
Occupying a prime position on Magdalen Road , the property benefits from a thriving local community and an eclectic mix of independent shops, award-winning cafés, and popular eateries right on the doorstep.
Exeter High Street, the Quayside, and RD&E Hospital are all within easy walking distance, while excellent public transport links and commuter routes further enhance its desirability.
This is a rare opportunity to acquire a well-located, income-producing property in one of Exeter’s most characterful and consistently in-demand areas.
EPC Rating: D Kitchen/Diner 4.34m x 4.72m Spacious open planned Kitchen Diner Lounge 2.82m x 3.66m Comfortable lounge with wooden flooring and natural walls Bedroom 1 3.48m x 4.7m Bright and spacious double bedroom with wooden flooring and natural walls Bedroom 2 3.48m x 4.7m Bright and spacious double bedroom with an original fireplace feature Bedroom 3 2.92m x 3.66m Comfortable double bedroom complete with original fireplace feature Bathroom 1.68m x 3.66m Modern bathroom finished with contemporary tiling
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
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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 Magdalen Road, Exeter, EX2
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