4 bed house for sale in Monks Road, Mount Pleasant, Exeter, EX4 (ref: 102879000481)

Student Home with lots of potential to increase the current yield on offer and an opportunity to increase the number of bedrooms S.T.P. This property is offering approximately 117sqm of accommodation currently set up as a Four bedroom student home with the highly likelihood to make into a Six Bedroom. The property is also set within the Article 4 Directive and has a long history of being a student home.

The University of Exeter student numbers have grown substantially over the last 5 years increasing by approximately 33% since 2017 with the numbers at approximately 30,012 for the 2021/22 academic year and highly likely to grow even more over the next decade. All the UG, PGT & PGR numbers have grown substantially over the last 5 years with the mean average being the above stated figure at 33% growth since 2017 - 2022.*

Exeter University is ranked within the top 150 prestigious QS World University Rankings 2022 placing it among the very best institutions worldwide, the University is also one of the highly distinguished 24 Russell Group Universities within the United Kingdom.

*This data is taken from the annual 1st December student census and represents the most up to date information about students for the stated academic year. Students which withdraw during the year will not be accounted for in these figures. The data is FTE including INTO, but excluding non-credit bearing students and inbound exchange students such as Erasmus.

SITUATION The property lies within the Article 4 directive in a central position within the Cathedral City of Exeter, Exeter's main Streatham Campus is approximately 1.9 miles away from this property. In addition there is a large proportion of the student accommodation within this road and nearby.

DIRECTIONS For further information and to book your viewing then please contact Brett Hampton within our office who has a wealth of experience within the student investment property marketplace, buy to lets and the High End Residential marketplace respectively.

AGENTS NOTES This versatile and well looked after student home has been looking after students for well over two decades, subject to the necessary licencing/planning there is potential to increase this student home into a six bedroom by converting the current lounge into a bedroom to create the fifth bedroom and completing a long conversion for bedroom six.

The current monthly income is at £1,580.00 per month which is under achieving at the present we would advise this figure can reach around £2,300.00 per month with four students. Make it a Six bedroom student house S.T.P then this obviously will increase even more!