Francis Louis says ..

Property Oracle says ..

This seven-bedroom property on Richmond Road in Exeter is currently operating as a House in Multiple Occupation (HMO). Its location is a major strength, boasting close proximity to Exeter’s train stations, several highly-rated schools, and the potentially desirable Barbican Steps area. The property benefits from being well situated for student tenants. However, the provided images reveal a need for some modernisation and updating. The interior seems somewhat dated and could benefit from refurbishment to increase appeal. The lack of details regarding the size of the plot is a notable drawback, suggesting a lack of garden space. The listing price of £715,000 requires further analysis to determine its appropriateness given the necessary renovations and the lack of land. Comparable properties in the area are available, but a definitive price per square foot analysis isn’t possible due to missing data. The property’s potential lies in its suitability as an investment property for student rentals given its location and number of bedrooms, even though significant refurbishment may be necessary to enhance its desirability and therefore achieve optimal rental income and property value.

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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