Summary - 15, DANES ROAD, EXETER EX4 4LS
5 bed 2 bath Terraced
Prime Streatham address with immediate income and scope to improve yields.
Licensed five-bedroom HMO close to Streatham campus and city centre
Currently let to four at £135 pppw; higher rents sought for 2026/27
Gross internal area small: 919 sqft — modest room sizes overall
EPC D (66); cavity walls assumed uninsulated, energy upgrade potential
Gas central heating, UPVC double glazing, two shower rooms, courtyard garden
Rental income not verified — tenancy agreement not available for inspection
Council Tax Band C (currently zero rated for students)
Requires cosmetic updating and possible thermal improvements for better returns
This licensed five-bedroom mid-terrace sits moments from Exeter University’s Streatham campus, delivering immediate rental income and strong student demand. Currently let to four sharers at £135 per person per week (excluding gas and electricity), a tenancy is being sought for 2026/27 at higher rates (up to £165 pppw for four, or £160 pppw for five). The property includes gas central heating, UPVC double glazing, and a courtyard garden with rear access to a service lane.
Internally the layout suits continued HMO use or conversion for different lettings; rooms range from small to generously proportioned bay-fronted bedrooms and there are two shower rooms. The EPC is D (66) and walls are cavity-built with no added insulation assumed — there is scope to improve energy performance and reduce running costs. Council Tax band C is currently zero rated for student occupants.
For investors there is clear upside: current income is understood but not verified against tenancy paperwork, and projected rents for 2026/27 are higher. The property is small overall (919 sqft) so premium student demand and high occupancy will be important to sustain returns. Expect some cosmetic updating in parts and potential costs to raise thermal efficiency to modern standards.
Important practical notes: the agent has not seen tenancy agreements so rental figures are unverified; gas and electricity are excluded from stated rents. No flooding risk is recorded, and the location benefits from excellent mobile signal and fast broadband — useful for lettings appeal.
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