Richmond Road, Exeter £715,000

Nestled on Richmond Road in the vibrant city of Exeter, this impressive seven-bedroom house presents an exceptional investment opportunity. Currently operating as a House in Multiple Occupation (HMO), the property boasts four well-appointed bathrooms, ensuring ample facilities for residents.

The spacious layout includes two inviting reception rooms, perfect for communal living or relaxation. With four designated parking spaces, convenience is guaranteed for both tenants and guests alike. The property is currently let until August 2026, generating a robust income of approximately £53,000 per annum, making it an attractive prospect for investors seeking a reliable return.

Richmond Road is ideally situated, offering easy access to local amenities, public transport, and the vibrant culture of Exeter. This property not only provides a comfortable living environment but also represents a sound financial investment in a thriving area. Whether you are an experienced investor or looking to enter the property market, this HMO is a remarkable opportunity not to be missed.

Current tenancy
The current tenancy ends in August 2025 and is for £169 per week, per person over a 48 week contract and includes bills. The new tenancy from September 2025 to Augyst 2026 if for £155 per week per person and doesn't include bills. This is also over a 48 week contract.

Agents Notes
These particulars are not an offer or contract, nor part of one. You should not rely on statements by Francis Louis in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property condition or its value. Neither Francis Louis nor any joint agent has any authority to make any representations about the property and accordingly any information given is entirely without responsibility on the part of the agents, sellor(s) or lessor(s) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: the vat position relating to the property may change without notice.