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 %
- Est sale value
- 807,648.48 £Increased by 26.56 %
- Average area rental value
- 1,355.00 £/moIncreased by 23.29 %
- Est letting value
- 1,729.44 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.89 %Increased by 30.75 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Francis Louis created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Wilfrid'S School | Other Independent School | Good | 0.12 KM |
| St David'S Cofe Primary School | Academy Converter | Good | 0.20 KM |
| Exeter College | Further Education | Outstanding | 0.29 KM |
| Exeter Mathematics School | Free Schools 16 To 19 | Outstanding | 0.82 KM |
| Exeter Cathedral School | Other Independent School | 0.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hele Road | £ 105,000 | 0 | 0.00 KM |
| Barbican Steps | £ 822,500 | 0 | 0.00 KM |
| New Buildings | £ 0 | 0 | 0.00 KM |
| St Davids | £ 0 | 0 | 0.00 KM |
| Catherine Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Exeter Central | 5755 | EXC | 0.43 KM |
| Exeter St David'S | 3410 | EXD | 0.77 KM |
| Exeter St Thomas | 3414 | EXT | 1.01 KM |
| St James Park (Exeter) | 5751 | SJP | 1.76 KM |
| Polsloe Bridge | 3422 | POL | 3.93 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Richmond Road, Exeter | £ 610,000 | BUY | 5 / 10 | 0.00 KM |
| Richmond Road, Exeter | £ 715,000 | BUY | 5 / 10 | 0.01 KM |
| Silver Terrace, Exeter | £ 700,000 | BUY | 8 / 10 | 0.05 KM |
| Silver Terrace, Exeter, Devon, EX4 | £ 900,000 | BUY | 7 / 10 | 0.06 KM |
| Richmond Road, Exeter, Devon, EX4 | £ 1,000,000 | BUY | 8 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 30 Richmond Road | £ 39,887,285 | 0.06 KM |
| 28a Richmond Road | £ 385,000 | 0.06 KM |
| 34 Richmond Road | £ 328,000 | 0.06 KM |
| 8 Silver Terrace | £ 481,000 | 0.06 KM |
| 1 Silver Terrace | £ 298,000 | 0.06 KM |