Summary -
Garden Flat,24, Bonhay Road,EXETER,EX4 4BP
EX4 4BP
4 bed 4 bath Terraced
Four self-contained lettings with river views and immediate rental income — refurbishment required..
Freehold Victorian end-of-terrace over four floors
A substantial Victorian end-of-terrace arranged over four floors and currently configured as four self-contained, fully let flats — ideal for an investor seeking immediate rental income. Several apartments benefit from attractive river views and the property sits within easy walking distance of Exeter St Davids station and the city centre, supporting high lettability for students and professionals.
The building offers period character including high ceilings and arched windows, plus a small rear garden and space for one vehicle at the front. Broadband and mobile connectivity are strong, and council tax is very cheap, helping running costs.
Important concerns: the property is a fixer-upper with reported damp issues and will require renovation works and ongoing maintenance. There is a medium flood risk and the area records very high crime levels — factors that will affect insurance, management and potential refurbishment specifications.
For investors, the property’s freehold title, immediate yield from existing tenancies and proximity to transport make it a compelling purchase, provided budget allowances are made for damp remediation, flood resilience measures and security improvements.
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