SUMMARY Fantastic Student Investment Property - Close to the University of Exeter
This well-positioned student property is a proven investment, currently let as a 2-bedroom house with two double bedrooms, a separate lounge, dining room, kitchen and bathroom.
Planning consent has been granted to convert the property into a 3 bedroom HMO, which will take effect from the 2026/2027 academic year, presenting an excellent opportunity to increase rental income by around one third.
Situated in the heart of Exeter city centre, the property benefits from local amenities on the doorstep and is just a short walk from the main university campus, ensuring strong demand from students year after year.
HALLWAY Wooden front door, leading to hall, wall mounted radiator. Door to sitting room, dining room and stairs leading to first floor.
LOUNGE/BEDROOMTHREE11' 5" x 8' 2" (3.5m x 2.5m) Sitting room with uPVC window and radiator.
DININGROOM12' 1" x 9' 2" (3.7m x 2.8m) Spacious dining room with uPVC window over looking court yard garden, radiator and door leading to kitchen
KITCHEN9' 6" x 6' 6" (2.9m x 2.0m) Gally style kitchen, with integrated cooker, hobs, extractor hod, uPVC windows and uPVC door leading to courtyard garden
FIRSTFLOORHALLWAY Stairs leading to the first floor, with radiator and doors leading to bathroom and two double bedrooms
BATHROOM9' 6" x 6' 2" (2.9m x 1.9m) Bathroom with bath and shower over. WC and wash hand basin. UPVC double glazed window over looking the rear garden.
BEDROOMONE9' 2" x 9' 2" (2.8m x 2.8m) uPVC double glazed window and wall mounted radiator, room light and airy.
BEDROOMTWO13' 9" x 8' 2" (4.2m x 2.5m) Radiator and build in storage. Bright bedroom with two uPVC double glazed window.
LETTING/RENTALINFROMATION Rented as a two bed for 2025/26 academic year for £1430pcm. Planning permission granted to be advertised and rented as a three bed for 2026/27 academic year.
SERVICES Electricity supply: Mains electricity
Heating supply: Mains gas
Sewerage: Mains
Water Supply: Mains
Mobile signal: Several networks showing as available including EE, Vodaphone, 3 and 02
Broadband: Standard, Superfast and Ultrafast
Stamp Duty Due
Based on a sale price of £280,000 the total amount of stamp duty payable will be:
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Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.