8 bed terraced house for sale

Exeter, Devon EX4

Description

A rare opportunity to purchase a substantial building in one of Exeter’s most sought-after student locations, offering exceptional potential to renovate a prime HMO.

Formerly part of the historic Locomotive Inn, 38 New North Road enjoys a rich heritage, dating back to the mid-19th century when it served as the South Western Hotel to passengers arriving at Queen Street Station (now Exeter Central). This attractive period property offers 1,529 sq ft of accommodation, currently arranged as 8 bedrooms and two bathrooms, across three floors.

The property benefits from planning permission for 8 individual letting rooms, making it ideally suited for conversion into a 7 or 8-bed HMO (subject to meeting required safety and amenity standards). Its prime location opposite Exeter Central Station and just a short walk to the university, city centre, and popular student amenities ensures strong rental demand and excellent future income potential.

Offering significant scope for refurbishment, this is a superb investment opportunity for developers, landlords, or investors looking to create a premium student residence in the heart of Exeter.

Situation

New North Road runs to Exeter High Street and is the heart of the City of Exeter. One of the most vibrant and attractive cities in Southern England. With a population of almost 130,000, expanding Russel Group University and growing Business and Science Parks. The City lies on the beautiful River Exe and is within half an hour's drive of the coast and moors is the region's major administrative, commercial and retail centre.

Exeter Central - 2 minute walk (150 meters)
Streatham Campus - 16 minute walk (1.6 miles)
Exeter Cathedral - 7 minute walk (600 meters)

Directions

Starting from the junction where Exeter High Street meets Paris Street and New North Road, head North up New North road and you will find the property after 100m on your right hand side.

Location

Exeter is a Cathedral city with two university campuses: Streatham (22,889 students) and St Luke's (4,303 students). Additionally, Exeter has an excellent college that educates 10,000-12,000 students. Exeter's economy is powered by diverse sectors, including healthcare, education, and finance, and it is easily accessible from other major UK cities. With historic landmarks, scenic countryside, and a vibrant cultural scene, Exeter is an attractive destination for visitors and residents alike.

Exeter is currently one of the best performing cities in the country for economic growth, according to pwc's "Good Growth for Cities Index". The city has long been a favourite for companies to relocate to and as a haven for those wanting to match a strong local economy with easy access to leisure and nature.

Planning

01/0451/ful | Change of use from four flats to 8 No. Letting rooms

Services

The property is supplied with mains gas, water and electricty and the sewerage is dealt with by mains drainage. This property is heated by a gas combi boiler located in the kitchen on the ground floor.

Agents Note

There is not currently a telephone line connected to the property.
The council tax band is C.
This property is locally listed and in a conservation area.

If you have any questions about this property, or would like to arrange a viewing, please contact the Exeter office on