Summary - 16 SPRINGFIELD ROAD EXETER EX4 6JL
6 bed 2 bath House Share
Ready-to-run six-bed student HMO near university — strong yield, some upgrade potential.
Let at £48,300 for 2025/26 academic year (46 weeks)
Gross rental yield about 7.7% at asking price
Six double bedrooms, two shower rooms, one reception room
Modern kitchen/dining room; gas boiler and radiators
Victorian mid-terrace; period features and high ceilings
Small plot and narrow footprint typical of terraced HMO
Solid brick walls assumed uninsulated (energy improvements likely)
Bedrooms likely small-to-medium; only two bathrooms for six beds
A well-presented six-bedroom HMO in a sought-after student area of Exeter, currently let at £48,300 for the 2025/26 academic year (46 weeks). The Victorian mid-terrace offers a modern kitchen/dining room, separate living room and two shower rooms across three floors, delivering a strong gross rental yield around 7.7% at the asking price.
The property is practical for investors: gas central heating, double glazing, period character and easy walking distance to the city centre, university campuses and hospital. Bedrooms are arranged across multiple floors and the layout supports continued HMO use with an enclosed rear garden for tenant amenity.
Material points to note: the building is a pre-1900 solid-brick terrace and assumed to have no wall insulation; construction and utility particulars are awaiting confirmation. The footprint and plot are small and bedrooms are likely small-to-medium in size given the six-bed layout. There are only two shower rooms for six bedrooms, which may limit room-by-room rental potential unless reconfiguration is considered.
Overall this is a ready-to-run student HMO in a cosmopolitan rental neighbourhood, suited to buy-to-let investors seeking immediate income. Purchasers should budget for potential improvement works (insulation, possible bathroom additions) and confirm utilities and compliance details prior to purchase.
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