Initial price	£1,300,000
05/11/25	£999,000
Price Change	-23.15%

This property is a prime investment asset located in Alphington, Exeter, offering a rare opportunity to acquire a refurbished and compliant, income-generating property with substantial long-term potential. The main building has been meticulously refurbished and is configured for multi-unit occupancy, with 12 large rooms, kitchenettes, and shared W/C areas. The property is fully compliant with modern safety and legal standards, holding a current HMO Licence and featuring a new eicr certificate, Grade A fire system, and completed works from the Fire Risk Assessment. The property is operational ready, with keyless entry to all rooms and a new roof with a refinished exterior. The barn is also available for development into a 5-bedroom dwelling, subject to planning conditions, offering the potential to generate a strong six-figure income from multiple revenue streams. The property is being sold with vacant possession, and there is also the option to purchase the existing Ltd company ownership, which may offer significant tax and legal benefits. Overall, this property presents a compelling investment opportunity with a clear path to exceptional returns in the thriving Exeter market.