Summary - 2 ST ANNES ROAD EXETER EX1 2QD
5 bed 1 bath Terraced
Ready-to-rent Victorian HMO near Exeter city centre, strong income potential.
HMO licensed for five individuals, ready to let
Reported full occupancy income c. £30,000 per year
Victorian mid-terrace with bay window and period character
Single shared bathroom for five bedrooms — limits premium rent
Small overall size (~994 sq ft); compact rooms throughout
Rear low-maintenance garden, resident on-street parking zone
Solid brick walls assumed uninsulated — scope for insulation work
Some modernization required; services and appliances untested
This Victorian mid-terrace in St Annes Road is offered as a fully licensed five-bed HMO, currently generating some rental income and reported to yield £30,000 pa when fully let. Its solid red-brick character, bay-front living room and convenient layout make it immediately lettable to students or working tenants in this cosmopolitan area close to Exeter city centre.
The property is freehold with double glazing and mains gas central heating. Outside is a low-maintenance rear garden (patio and gravel) and on-street residential parking. Broadband speeds are fast, mobile signal is excellent and local amenities, transport links and schools are all within easy reach — useful for attracting long-term tenants.
Buyers should note this is a small overall property (c. 994 sq ft) with one shared bathroom serving five rooms — a practical HMO arrangement but possibly limiting for premium rents. The house shows signs of age and would benefit from modernization and potential insulation improvements (solid brick walls assumed uninsulated). Plumbing, electrics and appliances have not been independently tested and should be checked by a buyer.
This is a clear-fit opportunity for an investor or landlord seeking a licence-ready HMO in a well-connected city location. There is immediate rental income and scope to increase value through targeted refurbishment and energy-efficiency improvements, while the council tax band C and very low local crime rate support tenant demand.
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