Turnkey rental in a central location with strong academic-year income potential.
Fully let for 2025/26 academic year — £32,880 rental income reported
Freehold Victorian terraced house in St James, close to university
Four furnished bedrooms; communal lounge with conservatory
Single main bathroom plus separate shower room and ground-floor WC
Kitchen with granite worktops and integrated Bosch appliances
Small rear garden and tidy low-maintenance front garden
EPC D; council tax band C (affordable)
Very high local crime levels and area deprivation — impacts marketability
A well-presented Victorian terraced house in St James, Exeter, offered as a proven student investment. The freehold property is fully let for the 2025/26 academic year, producing a reported rental income of £32,880, and has been maintained annually to a good decorative standard.
Internally the layout provides four furnished bedrooms, a light communal lounge with conservatory, a fitted kitchen with integrated Bosch appliances, and a single main bathroom plus separate shower room and WC — practical for student sharers but limited for higher-end tenants. The small rear garden and tidy front garden offer low-maintenance outside space.
Location is a core value driver: close to the city centre, university and public transport links, with excellent mobile signal and fast broadband. Material negatives that affect resale and lettings should be noted: the area has very high recorded crime levels and scores as deprived locally, and the property has an EPC rating of D. These factors suit investors targeting reliable student demand rather than family or premium markets.
Overall this is a straightforward, income-generating buy for investors seeking a turnkey student house in a central, well-let location. The combination of full academic-year rent, freehold tenure and low-maintenance period charm supports continued rental performance, provided ongoing management addresses area-linked tenancy and security considerations.
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