St. Johns Road, Exeter, EX1 5 bed terraced house for sale

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St. Johns Road, Exeter, EX1 5 bed terraced house for sale

St. Johns Road, Exeter, EX1
£360,000

Our Summary

  • 6%, 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
  • HMO: The property has a current HMO Licence for 5 people and a planning application has been lodged to obtain a certificate of lawfulness for the relevant Article 4 planning permission

Description

This 5-bedroom terraced townhouse in Mount Pleasant is being offered as a rental investment property, currently generating a gross annual income of £31,075 from student tenants. The property has a gross yield of 8.6% and is fully furnished, including all double bedrooms. The property has a current HMO licence for 5 people and a planning application has been lodged to obtain a certificate of lawfulness for the relevant Article 4 planning permission. The property is within walking distance to the city centre, university campus, and St Lukes, and has a courtyard garden to the rear. The current tenants are booked for the 2025/26 academic year, and the property has scope for improvement to increase the rental income.