Guide Price of £830,000

7 bed house for sale in Richmond Road, Exeter, EX4 (ref: 102879000462)

Shortlist

Key Features

  • Student Investment
  • Seven Bedrooms
  • Let for 2022/23 Academic Year
  • Two Communal Rooms
  • Four Shower Rooms
  • Tried & Tested Student Property
  • Prime Position for Streatham Campus & City Centre
  • Retirement Sale
  • FREEHOLD
  • EPC D
Fantastic opportunity to invest within the Exeter Student market with this exceptional presented SEVEN BEDROOM Student investment HMO. Situated within the lucrative ARTICLE 4 DIRECTIVE and positioned approximately a mile from the UNIVERSITY of Exeter's main campus (STREATHAM). Pre-Let for the 2022/23 academic year and earning in excess of £55,000 per year, further potential to increase the income from a development opportunity S.T.P. / four parking spaces to the rear.

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 Richmond Road lies within the sought after Article 4 directive prohibiting any further Houses of Multiple Occupancy within the Centre of Exeter. The property is situated within close proximity of the University of Exeter's main Streatham Campus, the City Centre and the Cathedral all being approximately within a mile of this location. Exeter St David's mainline railway station is nearby.

DIRECTIONS For further information please contact Brett Hampton who has a wealth of experience within the Property Investment Market & the High End Residential market respectively..

AGENTS NOTE Excellent opportunity to invest within the Exeter Student market in a student home that has been tried and tested for well over a decade, this property is in a great location situated within close proximity of the University of Exeter's main campus (Streatham). This period property has been well maintained over the years by the owners who were renowned locally for their upmarket developments.

Subject to the necessary planning constraints there is an opportunity to further increase the bedrooms on offer within this building plus there is an opportunity to maximise the income from the four parking spaces to the rear of the property.

Stamp Duty Due

Based on a sale price of £830,000 the total amount of stamp duty payable will be:

*

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.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

Property Images

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Further Details

  • Status: Available
  • Reference: 102879000462

Location

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