Initial price	£475,000
12/07/25	£425,000
Price Change	-10.53%

This rare opportunity presents a substantial building in a prime student location in Exeter, offering exceptional potential to renovate a prime HMO. The property, formerly part of the historic Locomotive Inn, dates back to the mid-19th century and boasts 1,529 sq ft of accommodation across three floors, currently arranged as 8 bedrooms and two bathrooms. With planning permission for 8 individual letting rooms, it is ideally suited for conversion into a 7 or 8-bed HMO, subject to meeting required safety and amenity standards. The property's 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. With 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.