This substantial six-storey terraced property is located in the vibrant city centre of Exeter, presenting a compelling opportunity for investors and developers alike. With planning permission already granted, there is a clear pathway to transform this building into a six-bedroom, four-bathroom House in Multiple Occupation (HMO), which is particularly appealing given the high demand for rental properties in the area.
The property retains historical character, offering a versatile layout that can be reimagined through thoughtful renovation. The current configuration includes six bedrooms, an open-plan kitchen with dining space, and multiple bathrooms—designed to cater to modern living while maximizing rental attractiveness.
While significant refurbishment is necessary, the potential of this property cannot be overstated. Its prime location ensures excellent accessibility to public transport links and a variety of local amenities, making it strategically positioned to appeal to student tenants and working professionals. Established cycling routes further enhance its desirability for those seeking convenient commuting options.
With projected rental incomes estimated between £200–£250 per week per student, this investment represents an exceptional opportunity within a sought-after market. Detailed planning documents and proposed layouts are available for review, highlighting the strategic vision for potential buyers looking to add value through redevelopment.
This property offers not only a chance to invest in real estate but also an opportunity to contribute to the revitalization of a key area within Exeter. Early inquiries are encouraged for those interested in exploring what could become a notable asset within their investment portfolio.
