Six-bedroom HMO near university delivering immediate income with HMO licence in place.
6 double bedrooms suitable for HMO occupancy and high rental demand
Gross income £47,586 per year (7.6% gross yield)
HMO licence in place with C4 Certificate of Lawfulness (6 people)
Spacious kitchen/diner; living room and integrated appliances included
All furniture and appliances included in the sale
Small gravelled rear garden with seating and bike storage
EPC rating D; cavity walls assumed uninsulated — potential upgrade costs
Council tax above average; small plot and mid-terrace layout
A six-bedroom mid-terrace townhouse in EX4 designed and let as a purpose-built HMO. Situated a short walk from the university and city centre, the property produces a gross income of £47,586 (7.6% gross yield) from an 11-month academic tenancy. All furniture and appliances are included, and the house is sold freehold with an HMO licence and C4 Certificate of Lawfulness in place.
Internally the layout works well for sharers: six double bedrooms, two bathrooms, a large living room and a spacious kitchen/diner with integrated appliances, washing facilities and garden access. The vendor has carried out recent exterior works — new bay windows to the front, renewed gutters/fascias and repainting — so the property is presented in good condition and has been regularly maintained.
Key investor advantages are the prime student location, reliable historic demand for lets, excellent mobile signal and fast broadband, and the property’s compliant HMO status. Practical notes: EPC rating D and cavity walls assumed uninsulated could mean immediate energy-efficiency upgrades; council tax is above average and the rear garden is small and gravelled. Utilities are generally tenant-paid; the advertised rent excludes utilities except for landlord-provided broadband.
This is a hands-on buy-to-let with clear rental history and immediate income. It suits a landlord seeking a high-occupancy HMO near campus with short void risk, and who is comfortable funding modest energy and comfort improvements to improve long-term yield and tenant appeal.