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

This substantial building in Exeter's sought-after student location offers a rare opportunity to renovate a prime HMO. Formerly part of the historic Locomotive Inn, the property has a rich heritage dating back to the mid-19th century. With 1,529 sq ft of accommodation, currently arranged as 8 bedrooms and two bathrooms across three floors, it has planning permission for 8 individual letting rooms, making it ideal for conversion into a 7 or 8-bed HMO. 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. The property offers significant scope for refurbishment, making it a superb investment opportunity for developers, landlords, or investors looking to create a premium student residence in the heart of Exeter.