Summary - 29 HERSCHELL ROAD EXETER EX4 6LX
5 bed 1 bath Terraced
Income-producing HMO near the University with immediate returns.
Five double bedrooms in fully licensed HMO configuration
This freehold Victorian bay-fronted mid-terrace is offered as a fully licensed five-bedroom HMO, producing a confirmed net rental income of £27,500 per year and let until August 2026. It’s presented in practical, tenant-ready condition with a modern fitted kitchen, communal lounge and a contemporary bathroom, delivering immediate income for investors.
Located in the Mount Pleasant area close to the University of Exeter, local amenities and reliable transport links, the property benefits from strong student demand and consistently high occupancy. The neighbourhood is cosmopolitan with good broadband, excellent mobile signal and very low crime, making management straightforward for a buy-to-let portfolio.
Accommodation is typical of period terraces: medium-sized rooms, high ceilings in parts and characterful exterior features, but overall footprint and rear garden are small. There is only one communal bathroom serving five double bedrooms, which limits appeal beyond the student market and may require management attention or schedule-sensitive cleaning and maintenance.
Suitable for investors seeking an income-producing student HMO with little immediate work required, the house also offers light refurbishment potential to increase rents long-term. Note that the property is occupied under a tenancy until August 2026, and any purchaser must take on the existing tenancy and maintain HMO licensing and compliance.
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