Summary -
35, Monkswell Road,EXETER,EX4 7AX
EX4 7AX
5 bed 2 bath Terraced
Ready-made, licensed 5-bedroom HMO between St Luke’s and Streatham campuses..
Fully licensed HMO with certificate of lawful use
This Victorian terraced HMO offers a ready-made student income stream in a prime location between St Luke’s and Streatham campuses. Fully licensed with a certificate of lawful use, the property is currently fully let and produced £43,200 over an 11-month cycle for the most recent year. Tenants pay their own bills, simplifying management and strengthening net returns.
Set over multiple floors with period bay windows and contemporary kitchen fittings, the house mixes original character with practical communal spaces. A south-facing paved garden and a double garage are uncommon extras for near-campus properties and add letting appeal and secure storage.
The plot is small and the wider street and neighbourhood are a busy, cosmopolitan student area — ideal for HMO demand but less suitable for buyers seeking tranquillity or large outdoor space. While the building has been maintained to a high standard for student use, some period elements and general updating may be needed if converting to alternative uses or targeting higher-end tenants.
This freehold terraced property suits investors seeking an established HMO with immediate income and lawful licensing in place. Prospective buyers should note income is quoted over 11 months, the site is compact, and returns remain linked to the local student market and academic rental cycles.
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