Initial price	£475,000
08/06/24	£450,000
Price Change	-5.26%

I would summarise this property description as follows: This well-established 5-bed HMO student property is strategically positioned between the University of Exeter's Streatham and St Lukes campuses, just 0.6 miles away, and a mile from the city centre. The ground floor features a spacious living room, a kitchen, and a dining room, complemented by a lean-to storage area. Upstairs, there are three double bedrooms and a shared bathroom, with the two top-floor bedrooms, including the largest, completing the accommodation. The property is currently fully let on a 48-week tenancy at £155 per week per room, generating an impressive annual rent roll of £37,200. Situated in a prime location within Exeter, a thriving cathedral city with a population of nearly 130,000, the property is close to major employers, the University, and is within easy reach of the coast and moors, offering both a lucrative investment and a desirable student living environment.