Summary - 47 ST JOHNS ROAD EXETER EX1 2HR
5 bed 1 bath Terraced
**Standout Features:**
- 5-bedroom Victorian terraced house licensed for HMO use
- Gross annual income of £31,075, with potential to increase to £33,440 with modernization
- Convenient location near main university campus and city center
- Includes all furniture, streamlined for immediate rental use
- Current HMO license and Article 4 planning permission in place
- Low crime rate and affluent neighborhood
This 5-bedroom Victorian terraced house in Mount Pleasant is the ideal investment for those looking to tap into the lucrative student rental market. With a gross return of 8.6%, this property has a proven rental history, currently tenanted with new students booked for the 2025/26 academic year, generating a steady income of £31,075 annually. With the potential for modern upgrades, future landlords could see earnings ascent to approximately £33,440 per year.
Enjoy the charm of high ceilings and period features alongside modern convenience, including a bright kitchen and a welcoming courtyard garden. Located within walking distance to both the main campus and city center, this home checks all boxes for location, comfort, and accessibility.
Though optimistic about the future, buyers should note the property has solid brick walls with no insulation, implying potential renovations could enhance energy efficiency and overall value. The council tax is affordable at Band C, making it an attractive prospect in a thriving student neighborhood. Chain-free and ready for immediate investment, this property invites savvy buyers to seize a rare opportunity in a growing market.
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