Prime student location a short walk to campus and city facilities.
Licensed 5-bedroom HMO with confirmed 2025/26 income of £41,760
A ready-made student investment in St James, minutes from the University of Exeter and city centre amenities. This five‑bedroom licensed HMO is offered freehold and pre-let for 2025/26 with a confirmed rental income of £41,760, delivering immediate cashflow for an investor seeking an established yield.
The property retains Victorian character externally with sash windows and a bay, while interiors are well maintained and finished to a high standard. A bright communal sitting room opens to a small decked garden; the kitchen has granite worktops and integrated hob. An attic conversion provides an extra compact living/bedroom with skylight, though ceiling heights are sloping and lower than standard.
Practical considerations are clear: there is a single main bathroom plus an additional shower room, and the small plot limits outdoor space. The local area has excellent transport links, fast broadband and many student-focused amenities, but recorded crime levels are very high and the wider ward shows relative deprivation — factors buyers should weigh alongside rental returns.
Overall this is a low-management, income-producing house in a prime student neighbourhood. It suits investors targeting student lets who want a licensed HMO with immediate rental income, while recognising modest external space and local safety and deprivation issues.
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