Martin & Co says ..

Property Oracle says ..

This five-bedroom, two-bathroom property on Old Tiverton Road, Exeter, is presented as an HMO investment opportunity, currently tenanted for the 2024-2025 student year, offering a gross yield of £33,550. The property’s location offers convenient access to Exeter’s city centre, the University of Exeter and St James Park train station. Several primary schools are located within a reasonable distance, though Ofsted ratings vary. The provided photographs reveal a property that appears to be adequately maintained, though some parts of the interior, particularly the bedrooms and living areas, have a somewhat dated feel and could benefit from modernization. A notable recent update seems to be the replacement of the bathrooms with newly fitted suites. The property features a small gravelled garden providing a degree of outdoor space, but one might consider it to be lacking in size and landscaping for a family home. While the lack of plot and square footage data prevents a comprehensive analysis of price per square foot, the list price of £520,000 sits within the range of comparable properties in the area. Given the HMO potential, the current listing seems to reflect the market value, particularly within the current student rental market. However, if the property was to be used as a family home, a renovation and modernisation budget should be factored into the purchase price consideration.

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

Images