Park Road, Exeter

FULL DESCRIPTION An excellent opportunity to acquire a fully licensed five-bedroom student HMO, ideally positioned in the heart of Exeter within a prime student location. Well maintained by the current owners, the property has been successfully operated as a student investment and is now being offered for sale as the owners look to release equity.
The property is fully occupied for the 2026/2027 academic year and is currently achieving an attractive income of £41,880 per annum, providing an established investment with income already secured. (9.3% yield)
Upon entering the property, a welcoming hallway provides access to the ground-floor accommodation and staircase to the upper floors. The spacious living room offers an excellent social space for tenants, while also on this floor is a generous double bedroom with the benefit of additional storage.
To the rear of the property is a large kitchen/diner, perfectly suited to the demands of student living. The fully fitted kitchen offers an abundance of cupboard space and ample room for appliances, with a washing machine, tumble dryer, two fridge freezers and a large range cooker, allowing multiple tenants to cook simultaneously. A door from the kitchen provides access to the rear garden, which has been patioed for ease of maintenance, creating a practical and low-maintenance outdoor space.
The first floor comprises three well-proportioned double bedrooms, all benefiting from large windows that create light and airy accommodation. The first bedroom features fitted wardrobes and an attractive bay window, while the second also benefits from fitted wardrobes. The third is another spacious double bedroom with ample room for student furniture and storage.
Completing the first-floor accommodation is a family bathroom comprising a WC, hand wash basin, bath with shower over and a heated towel rail.
The second floor provides a further large double bedroom, together with a separate shower room, offering additional convenience for the five occupants.
With its fully licensed HMO status, prime Exeter student location, strong established income and full occupation for the 2026/2027 academic year, this is an excellent opportunity for investors seeking a well-maintained and income-producing student property.
MATERIAL INFO # Verified Material Information

Costs and tenure

Tenure: Freehold
Council tax band: C
EPC rating: D

The building

Mid-terrace house, non-standard construction (small area flat roof on attic extension)

Services

Mains electricity
Mains water
Mains foul drainage
Mains surface water drainage
Mains gas central heating
Heating features: Double glazing
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 good, Vodafone good, Three ok, EE good
Parking: On Street
In a controlled parking zone
No disabled parking available

Risks and restrictions

Not a listed building
Not in a conservation area
No tree preservation order
Title register restrictions (DN163452):
- The property must be used only as a private home and not for any business, trade, or as a school, though a room may be used as a private writing office.
- The owner must not carry out any noisy or offensive activities that could cause a nuisance or annoyance to neighbours.
- The owner is required to maintain fences that are strong enough to keep out livestock like cattle and sheep.
- Any new buildings or changes to the outside of the house must be approved by the estate architect to ensure they match the original building plans and style.
- There are specific rules regarding 'party walls' (walls shared with a neighbour), including how they can be used and how costs for using them should be shared.
- Any earth or clay dug up during building work technically belongs to the original estate owner and must be placed where they request, though the top layer of soil belongs to the property owner.
Non-coal mining area: yes
All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.