Exeter, Devon · EX4
New North Road
Guide price
An exciting opportunity to acquire a substantial 7-bedroom RENNOVATION PROJECT on New North Road with great INCOME POTENTIAL
The home, in the agent’s words
- HMO
Read the full agent description
A rare opportunity to purchase a substantial building in one of Exeter’s most sought-after student locations, offering exceptional potential to renovate a prime HMO.
Formerly part of the historic Locomotive Inn, 38 New North Road enjoys a rich heritage, dating back to the mid-19th century when it served as the South Western Hotel to passengers arriving at Queen Street Station (now Exeter Central). This attractive period property offers 1,529 sq ft of accommodation, currently arranged as 8 bedrooms and two bathrooms, across three floors.
The property benefits from planning permission for 8 individual letting rooms, making it ideally suited for conversion into a 7 or 8-bed HMO (subject to meeting required safety and amenity standards). 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.
Offering 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.
A feel for the area
Connected for everyday life
97%of homes in the postcode can access 100+ Mbps broadband.
Available speed bands
- 30+ Mbps
- 100%
- 100+ Mbps
- 97%
- 300+ Mbps
- 97%
- 1,000+ Mbps
- 97%
Getting about
0.2 milesto Exeter Central Rail Station
Approximate straight-line distance · DfT NaPTAN · 13 Sept 2026Background air quality
- Fine particles · PM₂.₅
- 5.5 µg/m³ · Above the WHO guideline · well within the UK legal limit
- Nitrogen dioxide · NO₂
- 6.2 µg/m³ · Meets the WHO guideline
Annual background levels. For scale: the WHO 2021 guideline is 5 µg/m³ for PM₂.₅ and 10 for NO₂; the UK legal limit is 20 and 40. Lower is better; this is a 1 km model, not a reading at the door.
Defra · 2024 annual model · 1 km areaLocal information is approximate. Distances are straight-line estimates from the available location. Broadband describes postcode coverage, not the speed or service available at this home; check the address with a provider. Air quality is a modelled annual background estimate.
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The information provided in this listing is for general information purposes only and does not constitute property particulars. We make no warranties or guarantees, express or implied, regarding the accuracy, completeness, or availability of the information.
Property details are provided by the listing agent, developer, or other third parties, and we have no control over the content provided. Prospective buyers or tenants should make their own enquiries and verify all information directly with the agent or relevant party.
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