HMO Sales Expert says ..

Property Oracle says ..

This 5-bedroom property on Regent Street, Exeter, is presented as a House of Multiple Occupation (HMO) opportunity. Its location in St Thomas offers convenient access to Exeter St Thomas train station, making it attractive for commuters. The proximity of several schools, including well-rated primary schools, could also be a draw for families. However, the property’s condition is a notable factor. While it seems functionally habitable, images show that the interior is dated and could use updating and modernising. The kitchen and bathrooms look slightly worn, and the garden requires attention. The property’s small garden is an additional aspect to consider. The listed price of £370,000 requires careful consideration against other comparable properties in the area. While five bedrooms are a significant selling point for a potential HMO, the lack of square footage information and overall condition suggest that the property might require significant investment before it reaches its full potential. Prospective buyers should weigh the potential rental income from the HMO against the costs of renovation and upkeep. Further investigation into the specific rental market and the potential rental yield should be conducted before committing to a purchase.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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