New Bridge street, Exeter
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
7
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Six-Bedroom Student HMO Investment
- Attached One-Bedroom Studio Apartment
- Combined Gross Rental Income of £60,320 Per Annum
- HMO Income of £49,920 Per Annum
- HMO Pre-Let for the Upcoming Academic Year
- Studio Apartment Income of £10,400 Per Annum
- Convenient Exeter City Location
- Strong Student Rental Appeal
Description
New Bridge Street, Exeter – A six-bedroom student HMO with an attached one-bedroom studio apartment, offering an attractive investment opportunity with a combined gross rental income of £60,320 per annum.
The main six-bedroom HMO generates £49,920 per annum and is already pre-let for the upcoming academic year, providing investors with the benefit of agreed rental income for the forthcoming academic period.
Complementing the main property is an attached one-bedroom studio apartment, generating a further £10,400 per annum. This additional accommodation provides a second income stream, enhancing the overall investment appeal and offering the potential to benefit from two rental incomes within one acquisition.
The combined gross annual rental income of £60,320 makes this an appealing opportunity for investors seeking an established student property investment in Exeter.
Situated on New Bridge Street, the property benefits from a convenient location within the city, with access to a range of shops, cafés, restaurants, local amenities and transport links. Exeter's established student population and university presence continue to support demand for student accommodation across the city.
With the six-bedroom HMO already pre-let for the forthcoming academic year and the studio apartment generating additional rental income, this property presents an opportunity to acquire an investment with two complementary income streams in an established rental market.
This is an attractive proposition for investors looking to expand their portfolio with a student HMO and additional studio accommodation in Exeter.
Early enquiry is highly recommended.
Brochures
New Bridge street, Exeter- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference 35019081. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Francis Louis, Exeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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