Summary - 28 CHUTE STREET EXETER EX1 2BX
4 bed 4 bath Terraced
Turnkey 4-bed HMO near universities, strong current income and C-rated efficiency..
- Gross yield c.7.8% with 2025/26 income £29,656
- Four double bedrooms; three with en‑suite bathrooms
- Sold fully furnished with modern kitchen appliances
- EPC rating C; gas central heating and double glazing
- Compact rooms, limited external amenity and small plot
- Located in high-crime, very deprived area — consider risk
- On-street parking; residential permits required
- Regularly let to students for the past 10 years
A compact, purpose-built student HMO in Newtown, Exeter, currently returning a gross yield of 7.8% from assured lettings. The mid-terrace Victorian house is arranged over three floors with four double bedrooms, three en‑suites and a further shower room, making it easy to let to university students from the nearby main campus and St Luke’s. The property is sold fully furnished with modern kitchen appliances and an EPC rating of C.
This is a turnkey rental for an investor seeking a stable, established income stream: the house has been fully let to students every year for the last decade and is prepared to the standards expected for HMO occupation, including a mains-powered fire alarm system and fire doors. Gas central heating, double glazing and regular servicing of the alarm system reduce immediate maintenance risk.
Buyers should note the material considerations: internal rooms are compact and the overall plot and external amenity are small, typical of inner-city terraced housing. The immediate area records very high crime levels and is classified as very deprived, which may affect long-term capital growth and tenant mix. Parking is on-street with residential permits.
Suitable for investors targeting student or professional demand, this property offers immediate income and minimal refurbishment needs internally, but external redecoration and ongoing management to mitigate local-area risks will be needed. No hidden flood risk; tenure is freehold.
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