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Bonhay Road, Exeter £340,000

Front Elevation
Kitchen
Living Room
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Garden

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Gas central heating and double glazing
Close to St Davids station
Walking distance to campus and the city centre
Scope to improve the rental income

A 5 bedroom terraced house located near to St Davids Station and within walking distance of the city centre and university campus.

This property is being offered for sale as either a rental investment or a family home, the property has historically been used as a student HMO rental property and generates an gross annual income of £28,655 when let at it's current rate of £120pwpp, this would offer a gross return of 8.4%, 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.

The property is currently empty and we are currently seeking tenants for the 2025/26 academic year, this would give any potential purchaser some time to make improvements to the property before a new tenancy starts in September 2025.

Alternatively the property could be purchased as a family home (if new students have not been found for next year).

The property has 2 bathrooms and 4 good size double rooms, with one smaller room to the first floor rear. There is a large kitchen and separate sitting room, to the rear of the property is a lean to/ utility area, perfect for laundry and secure bicycle storage and there is a courtyard garden out the back. It comes fully furnished and ready to use as a rental property.

For full rental history and income details please get in touch and we will be happy to discuss with you.

Tenure: Freehold

Council Tax: Exeter City Council - Band B