Martin & Co says ..
HMO INVESTMENT OPPORTUNITY! For sale with tenants secured for the 2024-2025 and 2025-2026 student years with a gross yield of £45,650! A very large six bedroom, 2 bathroom house with a large communal living room. Modern fitted kitchen with fitted appliances and utility area. Courtyard garden...
Property Oracle says ..
This six-bedroom, two-bathroom property in Heavitree, Exeter, is presented as an HMO investment opportunity. Its location is advantageous, being close to Exeter University and the city centre, and relatively close to several train stations. The proximity to several schools, including some with outstanding Ofsted ratings, adds to the appeal for potential tenants. However, the provided images show the property to be in relatively standard condition, with some areas in need of refurbishment to enhance its appeal to prospective tenants beyond the established student rental market. The small size of the garden is a significant drawback. The asking price of £595,000 needs careful consideration. Whilst comparable properties are listed in the vicinity, accurate price-per-square-foot comparisons are impossible without having that data. The property’s value as an established HMO with a high rental yield, needs to be considered as well as its overall condition and limited outside space. A thorough survey and valuation from a property professional is recommended before any purchase decision is made.
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
- 6
- Condition
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 6
- Bathrooms
- 2
- Sqft (est)
- 680.93
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
- 299,286.00 £Decreased by 21.29 %
- Est sale value
- 227,430.62 £Decreased by 11.87 %
- Average area rental value
- 1,472.00 £/moIncreased by 20.75 %
- Est letting value
- 680.93 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.90 %Increased by 53.25 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Martin & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Ladysmith Junior School | Community School | Good | 0.44 KM |
| Ladysmith Infant & Nursery School | Community School | Outstanding | 0.52 KM |
| Heavitree And Polsloe Children'S Centre | Children's Centre | 0.62 KM | |
| Newtown Primary School | Community School | Requires improvement | 0.70 KM |
| Stoke Hill Infant And Nursery School | Community School | Outstanding | 0.82 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Clifton Hill | £ 0 | 0 | 0.00 KM |
| Exon Mews | £ 0 | 0 | 0.00 KM |
| North Avenue | £ 0 | 0 | 0.00 KM |
| Kings Road | £ 0 | 0 | 0.00 KM |
| Wykes Road | £ 325,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| St James Park (Exeter) | 5751 | SJP | 0.98 KM |
| Polsloe Bridge | 3422 | POL | 1.29 KM |
| Exeter Central | 5755 | EXC | 2.21 KM |
| Exeter St Thomas | 3414 | EXT | 3.10 KM |
| Exeter St David'S | 3410 | EXD | 3.30 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Polsloe Road, Heavitree | £ 595,000 | BUY | 5 / 10 | 0.00 KM |
| Polsloe Road, Mount Pleasant, Exeter, Devon | £ 500,000 | BUY | 4 / 10 | 0.02 KM |
| St Johns Road, Mount Pleasant, Exeter, Devon | £ 400,000 | BUY | 4 / 10 | 0.06 KM |
| St. Johns Road, Exeter | £ 375,000 | BUY | 4 / 10 | 0.07 KM |
| Ground Floor Flat 33 St Johns Road | £ 195,000 | BUY | 6 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 34 Polsloe Road | £ 193,000 | 0.01 KM |
| 29 Polsloe Road | £ 190,000 | 0.01 KM |
| 31 Polsloe Road | £ 287,000 | 0.01 KM |
| 87 Polsloe Road | £ 600,000 | 0.04 KM |
| 41 St Johns Road | £ 250,000 | 0.06 KM |