Summary - 10 SPRINGFIELD ROAD EXETER EX4 6JL
6 bed 2 bath House Share
Established six-bed HMO near university, generating immediate academic-year income..
Let at £46,079 for 2025/26 academic year (11 months)
Gross yield approx. 7.6% at asking price
Freehold six-bedroom HMO with modern kitchen
Two shower rooms only for six bedrooms
Small enclosed rear garden; on-street permit parking
Victorian solid-brick build (pre-1900); likely no wall insulation
Rooms small-to-average — typical student HMO footprint
Owner currently pays water charges
A six-bedroom mid-terraced Victorian HMO in central Exeter, offered as a freehold investment with established academic lets. The property is let for the 2025/26 academic year at £46,079 (11 months, exclusive of bills), producing a gross yield of about 7.6% at the asking price. Its location on Springfield Road puts the city centre, St Luke’s/Streatham campus and the RD&E hospital within easy walking distance — strong demand drivers for student and professional lets.
Internally the house is presented in good order for HMO use: a modern kitchen, two shower rooms, single reception room and six double bedrooms arranged over three storeys, plus a small enclosed rear garden. The current owner covers water charges, and broadband speeds in the area are reported as fast, supporting student occupiers. On-street permit parking and very low local crime add practical appeal for both tenants and managers.
Buyers should note material constraints alongside the income: room sizes are small-to-average, typical of HMO conversions, and there are only two shower rooms serving six bedrooms — this can affect tenant comfort and future rental mix. The building is a Victorian solid-brick construction (pre-1900) with assumed lack of cavity wall insulation, so energy-efficiency upgrades or maintenance works could be required. The property footprint is medium for an HMO but plot and garden size are small.
For investors seeking an established student HMO in a highly sought-after road, this stock-ready property offers immediate income and proximity to key rent generators. However, factor in possible retrofit costs for insulation, long-term maintenance of an older building, and the practical limits of communal facilities when assessing future rent growth or refurbishment plans.
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