3 bed property for sale

Magdalen Road, Exeter EX2

Investment Opportunity – Fully Let 3-Bed HMO

Offers over £275,000

Guide: £300,000

Located in the heart of the vibrant and highly sought-after St Leonards area, this fully tenanted three-bedroom HMO presents an excellent investment opportunity in one of Exeter’s strongest rental locations.

Arranged over two well-proportioned floors, the property offers a light and welcoming living space, a fitted kitchen, and three generously sized bedrooms, making it ideally suited to professional sharers. Period character blends seamlessly with contemporary finishes, ensuring ongoing tenant appeal and low void risk.

Currently let as a fully occupied HMO, the property provides immediate income, making it an attractive, ready-made addition to an investor’s portfolio.

Occupying a prime position on Magdalen Road, the property benefits from a thriving local community and an eclectic mix of independent shops, award-winning cafés, and popular eateries right on the doorstep. Exeter High Street, the Quayside, and rd&E Hospital are all within easy walking distance, while excellent public transport links and commuter routes further enhance its desirability.

This is a rare opportunity to acquire a well-located, income-producing property in one of Exeter’s most characterful and consistently in-demand areas.

EPC Rating: D

Location

Exeter

Kitchen/Diner (4.72m x 4.34m)

Spacious open planned Kitchen Diner

Lounge (3.66m x 2.82m)

Comfortable lounge with wooden flooring and natural walls

Bedroom 1 (4.70m x 3.48m)

Bright and spacious double bedroom with wooden flooring and natural walls

Bedroom 2 (4.70m x 3.48m)

Bright and spacious double bedroom with an original fireplace feature

Bedroom 3 (3.66m x 2.92m)

Comfortable double bedroom complete with original fireplace feature

Bathroom (3.66m x 1.68m)

Modern bathroom finished with contemporary tiling