4-bedroom terraced house · EX4 4BL
Listing removedListed 497 days
Opportunity summary
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About
Description This is a very spacious and established four bedroom HMO with a Certificate of Lawful Development which is fully let to students for the current academic year and a tenancy agreement in place for the 2026/2027 academic year which will generate an income of £160 pppw, exclusive of bills, or approximately £30,506 over its duration.
The property benefits from gas central heating, upvc double glazed replacement windows, separate living room, kitchen, first floor bathroom and enclosed rear gardens.
It is situated in a popular student residential location, handy for Streatham University campus, St Davids Station and Exeter City Centre.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING Ground Foor: Entrance door to Hallway: Radiator, quarry tiled flooring, stairs rising to first floor.
Bedroom One: 4.90m (16'1") x 4.17m (13'8") into bay and alcove. Radiator, coved ceilings, aspect to the front. Living Room: 4.24m (13'11") x 4.19m (13'9") into alcove.
Radiator, covered fireplace, with wood surround and mantel piece, picture rail, coved ceilings, wall mounted control panel for central heating, door to Kitchen: 3.58m (11'9") x 3.17m (10'5") Stainless steel single drainer sink unit with hot and cold mixer tap, four ring gas hob, both set in work surfaces with cupboards, drawers and appliance spaces below, plumbing for washing machine, built in electric oven, breakfast bar, further work surface with cupboards, drawers, appliance space below, tiled splash backs, wall mounted cupboard units, appliance space for fridge/freezer, built in cupboard with a wall mounted boiler supplying domestic hot water and central heating, upvc double glazed door to rear gardens.
First Floor Landing: Radiator, built in storage cupboards. Bedroom Two: 4.55m (14'11") x 4.09m (13'5") into bay and alcove.
Radiator, fire grate with tiled hearth, surround and mantel piece, aspect to the front. Bedroom Three: 3.10m (10'2") x 2.39m (7'10") Radiator, aspect to the side.
Bedroom Four: 4.17m (13'8") x 4.14m (13'7") into alcove. Radiator, built in wardrobe with overhead storage cupboard in alcove, aspect to the rear.
Shower Room: 3.15m (10'4") x 1.63m (5'4") Heated towel rail, shower tray with wall mounted mains mixer shower and screen door, close coupled w/c, pedestal wash basin with hot and cold mixer tap, part tiled surround, extractor fan.
Outside Front: Low walled enclosed frontage/bin store.
Rear Garden: Enclosed courtyard garden with a level lawn, flowerbeds stocked with mature shrubs and trees, concrete patio area, brick-built storage shed pedestrian access to pavement.
Agents Notes: Council Tax: Exeter City Council – Band B EPC D (66) For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.
VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM Of 24 HOURS NOTICE REQUIRED.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About Bonhay Road, Exeter
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