Immediate rental income from a student-focused investment near the university.
Six-bedroom licensed HMO with established 2025/26 pre-let income
A rare licensed six-bedroom HMO in St James, offered freehold and pre-let for 2025/26 generating £45,738 per year (£4,158 pcm). The Victorian terraced house is arranged over three floors, presented in good decorative order and currently configured and managed as a student HMO — income and licence already in place for a hands-off investor.
Practical features include a long kitchen/diner, comfortable communal living room, two shower rooms, a low-maintenance paved rear garden and rare private off-street parking for two small cars. The property is close to the university, city centre and frequent transport links, making occupancy risk low in the student market.
Important considerations: the house sits in an area with high crime statistics and wider area deprivation, and the plot is small. EPC rating D and council tax band labelled moderate; buyers should budget for ongoing maintenance and compliance costs associated with HMO licensing and any future energy improvements.
This is an established income-producing asset tailored to buy-to-let investors targeting the Exeter student market. It offers immediate revenue with scope to protect or improve value through energy upgrades and careful tenancy management given the location challenges.