Herschell Road, Exeter £400,000

An exciting investment opportunity in the heart of Exeter’s popular student rental area. This spacious five-bedroom HMO is situated on Herschell Road, offering a fantastic location within easy reach of both the University of Exeter and the city centre.

This property spans three floors, offering a well-balanced mix of private bedrooms and communal living areas. The ground floor features a comfortable living room, a double bedroom, and a large kitchen. The first floor houses three further bedrooms and a bathroom, while the top floor provides an additional spacious bedroom.

While the property is fully tenanted and generating an attractive rental income of £27,500 per year, there is huge potential to increase returns with some modernisation and refurbishment.

With the ongoing demand for student housing in Exeter, this licensed HMO represents an excellent investment opportunity. With modern upgrades, rental yields could be significantly improved, making this an ideal choice for investors looking to enhance their portfolio.

For further details or to arrange a viewing, please contact Francis Louis Residential today.

Permitted Payments
As well as paying the rent, you may also be required to make the following permitted payments.
Before the tenancy starts (payable to Francis Louis 'the Agent')
Holding Deposit: 1 week's rent
Deposit: 5 weeks' rent
The holding deposit, the equivalent of one weeks rent, will be allocated to the first months rent once satisfactory references have been received. The holding deposit is non refundable, if a tenant withdraws their application once referencing has commenced or, if misleading information is provided or information is withheld on the application form.
* Referencing charges do not apply to tenants of assured shorthold tenancies, student accommodation, or licences but may apply for other types of tenancy ie company lets and contractual tenancies.

Application Process
If you wish to make an application, please download the application form from the student section on our website www.francislouis.co.uk - please email this form to This email address is being protected from spambots. You need JavaScript enabled to view it.

If you need any help or have any questions, please call the team on 01392 243077