**Standout Features:**
- Six-bedroom HMO with established rental income of £30,000 per year
- Prime city center location near Exeter University campuses
- Three bathrooms and modern kitchen for communal living
- Spacious living and dining areas, plus a large basement
- Freehold property with on-street parking (residents permit)
- High-speed broadband and excellent mobile signal
**Potential Downsides:**
- Average-sized lot with limited outdoor space
- Period property requiring some modernization
- Very high crime rate in the area
This impressive six-bedroom HMO in the bustling heart of Exeter offers a lucrative investment opportunity with an already signed lease for the 2025/26 academic year, ensuring a solid rental income for future owners. Ideal for investors, this property combines modern conveniences—such as a well-equipped kitchen and three bathrooms—with characterful period features that provide warmth and comfort. The spacious open-plan living and dining areas encourage community living, making it perfect for student tenants.
Located in a lively, cosmopolitan neighborhood, you're within walking distance to shops, cafes, and the university, which enhances its appeal. Families and first-time buyers may see potential as well; with a touch of modernization, this property could create a cozy home in a dynamic area. Despite some concerns about crime rates and the need for updates, the amazing rental potential along with future renovation flexibility makes this property a compelling choice in today’s market. Don't let this opportunity pass; properties like this are hard to come by!