Richmond Road, Exeter
Francis Louis logo

Richmond Road, Exeter

By Francis Louis

£ 610,000

Reviews

2 out of 5 stars

Francis Louis says ..

Nestled on Richmond Road in the vibrant city of Exeter, this impressive six-bedroom house presents a remarkable investment opportunity. Currently operating as a House in Multiple Occupation (HMO), the property generates an annual income of approximately £50,000, with a lease in place until August...

Property Oracle says ..

This six-bedroom property on Richmond Road, Exeter, presents itself as an investment opportunity, currently operating as an HMO with an annual income of approximately £50,000. Its location is a major asset, boasting easy access to Exeter Central station and several highly-rated schools. The proximity to Exeter College is particularly advantageous for student rentals. The interior photos show a functional layout, appropriate for its current use, but could benefit from a refurbishment to modernize its appearance and potentially attract higher-paying tenants. The lack of details regarding the property’s plot size and the limited data on comparable properties in the immediate vicinity makes a definitive assessment of its overall value difficult. However, the existing rental income stream, central location, and proximity to amenities support the current asking price.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
8
Land
1
Bedrooms
6
Bathrooms
4
Sqft (est)
1,729.44

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
332,222.00 £
Decreased by 5.67 %
from 352,200.00 £
Est sale value
807,648.48 £
Increased by 26.56 %
from 638,163.36 £
Average area rental value
1,355.00 £/mo
Increased by 23.29 %
from 1,099.00 £/mo
Est letting value
1,729.44 £/mo
Unchanged by 0.00 %
from 1,729.44 £/mo
Est rental Yield
4.89 %
Increased by 30.75 %
from 3.74 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Francis Louis created the listing.

Nearby Schools

NameTypeOfstedDistance
St Wilfrid'S SchoolOther Independent SchoolGood0.12 KM
St David'S Cofe Primary SchoolAcademy ConverterGood0.20 KM
Exeter CollegeFurther EducationOutstanding0.29 KM
Exeter Mathematics SchoolFree Schools 16 To 19Outstanding0.82 KM
Exeter Cathedral SchoolOther Independent School0.90 KM

Images

CAM02887G0-PR0329-STILL002.jpg CAM02887G0-PR0329-STILL006.jpg CAM02887G0-PR0329-STILL003.jpg CAM02887G0-PR0329-STILL004.jpg CAM02887G0-PR0329-STILL001.jpg CAM02887G0-PR0329-STILL005.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Hele Road £ 105,00000.00 KM
Barbican Steps £ 822,50000.00 KM
New Buildings £ 000.00 KM
St Davids £ 000.00 KM
Catherine Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Exeter Central5755EXC0.43 KM
Exeter St David'S3410EXD0.77 KM
Exeter St Thomas3414EXT1.01 KM
St James Park (Exeter)5751SJP1.76 KM
Polsloe Bridge3422POL3.93 KM

Nearby Listings

AddressPriceTypeScoreDistance
Richmond Road, Exeter £ 610,000BUY5 / 100.00 KM
Richmond Road, Exeter £ 715,000BUY5 / 100.01 KM
Silver Terrace, Exeter £ 700,000BUY8 / 100.05 KM
Silver Terrace, Exeter, Devon, EX4 £ 900,000BUY7 / 100.06 KM
Richmond Road, Exeter, Devon, EX4 £ 1,000,000BUY8 / 100.07 KM

Nearby Properties

AddressPriceDistance
30 Richmond Road £ 39,887,2850.06 KM
28a Richmond Road £ 385,0000.06 KM
34 Richmond Road £ 328,0000.06 KM
8 Silver Terrace £ 481,0000.06 KM
1 Silver Terrace £ 298,0000.06 KM