Strong income near both Exeter university campuses and city amenities.
Licensed six-bedroom HMO with 13-year rental history
A long-established licensed HMO, this mid-terrace Victorian house delivers a proven rent roll and strong projected yield. Licensed and let to students for 13 years, the property produces £44,352 pa for 2025/26, rising to £50,400 pa for 2026/27 on an 11-month contract — a secure income stream close to both Streatham and St Luke’s campuses.
Interior space is arranged across basement, ground and two upper floors with six double bedrooms, a lounge/diner, fully equipped kitchen, two shower rooms and an extra WC. Period details such as bay windows and high ceilings give character, while gas central heating and UPVC double glazing provide practical everyday comfort.
Practical features include two large basement storage cupboards, a low-maintenance rear garden with gated access, freehold tenure and excellent local transport and amenities. The area is popular with students and professionals, supporting lettings and high occupancy levels.
Notable considerations: the property’s cavity walls are listed as having no insulation (assumed), and the install dates for glazing and boiler are unknown — potential buyers should budget for energy-efficiency improvements. The plot is small and the accommodation is set up specifically for HMO/student use, so conversion to a different use may need planning and refurbishment.