Smart Estate Agent says ..

Property Oracle says ..

This property in Queens Terrace, Exeter, is an eight-bedroom HMO (House of Multiple Occupancy) listed for £850,000. Its central location is a major advantage, offering proximity to Exeter St David’s railway station and several well-regarded schools, including Exeter College and St Wilfrid’s School, which are both within a short walk. This makes it highly attractive for students and young professionals. The interior photos show a modern kitchen and living area, suggesting that at least some areas have been recently updated. However, a detailed survey is essential to gauge the overall condition. The lack of information regarding the plot size indicates minimal to no outdoor space, limiting the appeal for those seeking a property with a garden. The advertised substantial rental income (£67,132.85) significantly impacts the property’s appeal for investors, but the asking price, in relation to the square footage should be analyzed in greater depth. Further investigation into comparable sales in the immediate area is needed to determine how reasonable the listing price is for a property of this size and type. The images show a well maintained residential street but the overall lack of detail about the property and its condition make a precise evaluation challenging. More information, including a full property survey, is required for a conclusive assessment.

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

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