Summary - 1A BLACKBOY ROAD EXETER EX4 6SG
3 bed 2 bath Maisonette
Fully let, high-yield student maisonette near university and transport links.
Fully let for 2025/26 academic year generating £24,480 pa
Approximate gross yield c.9.6% at £255,000 asking price
3 bedrooms, 2 bathrooms across three floors, c.1,006 sq ft
Good decorative order; modern kitchen and practical communal lounge
Tidy courtyard with covered area for drying and bike storage
Tenure listed as freehold; marketing also references share of freehold — verify
Located in prime student area close to university and city centre
Small plot and attic bedroom; suited primarily to student lettings
This three-bedroom maisonette in St James, Exeter, is offered as a ready-made student investment with all rooms fully let for the 2025/26 academic year producing £24,480 pa. Arranged over three floors and extending to about 1,006 sq ft, the property combines good decorative order with modern kitchen fittings and practical communal living space suitable for student sharers.
The income equates to an approximate gross yield of 9.6% at the asking price of £255,000, making this appealing to buy-and-hold investors seeking immediate cashflow. The accommodation includes two bathrooms, a comfortable lounge, and a tidy courtyard for drying and bike storage — location is a key selling point, close to the university, city centre and public transport.
Practical details are straightforward: mains services, good mobile signal and fast broadband are available, EPC rating D and council tax band noted as inexpensive. The property is described as freehold in the data but marketing states ‘share of freehold’ — this should be verified legally before exchange.
Considerations for investors: the property sits in a cosmopolitan student neighbourhood with average area deprivation and average crime levels, so it is best suited to a student-letting model rather than long-term owner-occupiers. The plot is small and one bedroom occupies the attic level, which may affect appeal to some tenants. Overall, the maisonette offers reliable rental income with limited immediate refurbishment needs.
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