Super 5 Bed Pro HMO

The property presents a strong investment opportunity within the UK HMO market, with a gross rental income of £31,200 annually, translating to a monthly rent of approximately £2,600. The current rental yield is an impressive 8.32%, while the net yield stands at 5.28%, indicating a solid return on investment. The property is fully let, accommodating five professional tenants in spacious double rooms, ensuring consistent cash flow. With a manageable operating cost of £950 and an HMO licence in place until October 2029, this property not only meets regulatory standards but also promises streamlined management with a reasonable management fee at 10%.

This mid-terrace house spans 1,550 square feet (144 square meters) across three storeys and features five well-sized double bedrooms, two separate WCs, and one shared bathroom. The property benefits from good overall condition, with a part double-glazed exterior, providing energy efficiency alongside gas central heating for comfort. The absence of a garage, coupled with on-road parking, is balanced by the convenience of both front and rear gardens. As a freehold property, it offers potential for future development or modifications. Its configuration maximises living space and shared amenities, making it appealing to tenants seeking a comfortable communal lifestyle.

Situated in Exeter, the property enjoys proximity to excellent local amenities, transport links, and vibrant community features, enhancing its appeal to tenants. The area benefits from a robust public transport network, enabling easy access to the city center and surrounding regions. Local parks, shops, and recreational facilities further add to the neighborhood’s liveliness, making it an attractive place for professionals seeking rental accommodations. With a consistent tenant demographic and close-knit community environment, this location serves as a significant asset for successful letting.