6-bedroom house · EX4 3AH
Sold STCReduced £16.5k (−9.2%) on 21 JulListed 382 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting a rare opportunity to acquire a substantial six-storey terraced property in the heart of Exeter’s sought-after city centre.
Perfectly poised for investors and developers, this remarkable building is offered for sale with huge development potential.
Planning permission has been granted to convert the property into a six-bedroom, four-bathroom HMO.
The property exudes a sense of history and character, offering a unique canvas for an imaginative refurbishment.
Comprising six bedrooms, one open-plan kitchen with dedicated dining space, and four bathrooms, the proposed floor plans outline a property designed for both comfortable modern living and strong rental appeal.
Whilst extensive refurbishment is required, the property’s immense potential is evident, especially given the prime location.
The property is ideally situated with convenient access to public transport links, an abundance of local amenities, and well-established cycling routes, features which are sure to attract student tenants and professional sharers alike.
With anticipated rental values in the region of £200–£250 per week per student, this development represents an outstanding investment prospect.
Full planning details and proposed floor plans are available here: This is a rare opportunity to add an exceptional city centre asset to your portfolio.
Early viewing is highly recommended to fully appreciate the unique potential on offer. Planning reference: Ref. No: 25/0140/ful This property is for sale by Traditional Auction.
The buyer and seller must Exchange immediately, and Complete 28 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold).
The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange. A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. The auction can be accessed via iamsold Please be advised that the selling agent of this property has a personal interest in its sale.
The legal owner works for Northwood Estate Agents and is marketing the property through Northwood Estate Agents. This disclosure is made in accordance with Section 21 of the Estate Agents Act 1979.
EPC rating: G.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisors 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 36, New Bridge Street, Exeter
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