4 bed terraced house for sale

Richmond Court, Exeter, Devon EX4

This modern four bedroom townhouse is a low maintenance and thus easy to manage investment property in absolute City Center location and always highly sought after by young professionals and students alike.

Situated at the well regarded Richmond Court development, a peaceful and traffic free oasis, just 50 meters from Exeter Central station and a short stroll to the High Street as well as in easy walking distance to Exeter University.

The property has been used as a small HMO for the past 20 years and benefits from having a cleud certificate, i.e. Planning consent to operate as a HMO, which is a legal requirement, if located in this central and hence Article 4 restricted zone.

The property is currently let to 4 sharers until early August 2025 and already pre-let for the coming Academic year at a rent of £2900pcm with tenants liable for paying all bills, hence giving an impressive ROI of 5.3%

Inside, the room sizes are generous and the property is well maintained and equipped to a good standard
whilst outside there is one allocated parking space as well as a small front and a sunny back garden/patio.

Overall an impressive, modern and low maintenance investment property in absolute City Center location.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QEX250252/8