Bonhay Road, Exeter 5 bed terraced house for sale

>

Bonhay Road, Exeter 5 bed terraced house for sale

Bonhay Road, Exeter
£325,000

Our Summary

  • 8%, a figure which has plenty of scope for improvement, we would expect it to achieve something in region of £140pwpp (£33,440pa) if modernised in some areas
  • Scope to improve the rental income

Description

This 5-bedroom terraced house is being offered for sale as a rental investment property, generating a gross annual income of £28,655 from tenants paying their own bills. The property has historically been used as a student HMO rental property and has tenants booked for the 2025/26 academic year. With a gross yield of 8.8%, the property offers plenty of scope for improvement, with potential to achieve a gross return of £33,440 per annum if modernized. The property is currently empty, providing an opportunity for the new owner to make improvements before a new tenancy starts in September 2025. The property features 2 bathrooms, 4 good-sized double rooms, a large kitchen, and a separate sitting room, as well as a courtyard garden and secure bicycle storage. It comes fully furnished and ready to use as a rental property.