Summary -
18a Herschell Road,EXETER,EX4 6LX
EX4 6LX
3 bed 1 bath Maisonette
Fully let to students with strong 2025/26 income and freehold ownership.
- Fully let for 2025/26 academic year, income £22,320 (48-week contract)
- Freehold; immediate rental income and tenant demand
- Traditional Victorian bay-fronted terrace with period character
- Requires modernisation and updating throughout
- Possible damp present; professional inspection advised
- No garden; property fronts directly onto the pavement
- Fast broadband, excellent mobile signal, very low local crime
- Small plot size; primarily suited to rental/student use
A well-located, freehold three-bedroom maisonette in Mount Pleasant currently let to students, producing an indicative income of £22,320 for the 2025/26 academic year (48-week contract plus bills). The property is a traditional early 20th-century terrace with bay windows, period character and solid brick construction — features that appeal to student and rental markets.
Internally the layout provides communal living space, kitchen/diner, cloakroom, shower room and three double bedrooms across multiple floors. The unit is being sold as a fully occupied investment, offering immediate rental income and established demand from nearby universities and local amenities (bus routes, shops, cafes, pubs).
Practical points for investors: the building requires modernisation and there are signs of potential damp that need investigation and repair. There is no visible garden and the property fronts directly onto the pavement, limiting outdoor space. Council tax costs are low, broadband is fast and mobile signal is excellent — useful for tenants.
Overall this is a cash-flowing opportunity in a cosmopolitan student neighbourhood with solid rental demand. Buyers should budget for refurbishment and moisture remediation to protect value and maximise rent potential.
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