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Monks Road, Mount Pleasant, Exeter, Devon - Image 1
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Monks Road, Mount Pleasant, Exeter, Devon - Image 4
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Monks Road, Mount Pleasant, Exeter, Devon

South West

£300,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1509 sqft

Description

This property offers a unique investment and renovation opportunity, featuring a substantial end-terraced layout that encompasses a ground floor commercial space and an expansive two-bedroom flat above. Currently, the ground-floor shop is tenanted, providing immediate rental income, while the first-floor flat is vacant and ready for updates. The commercial area consists of a generous open-plan showroom measuring approximately 26'2" by 17'5", enhanced by large picture windows on both side and front elevations that flood the space with natural light. A lean-to conservatory at the rear adds extra utility to the shop, creating potential for additional customer-facing or storage options. For those looking to develop the living quarters above, the first-floor flat features an entrance hall with charming original clay tiles and an attractive staircase leading to the upper levels. The dual-aspect living room boasts generous proportions with bay windows offering pleasant views, along with a tiled fireplace adding character. Both bedrooms are comfortably sized; bedroom one highlights an appealing cast iron fireplace, while bedroom two provides built-in storage and a view out into a rear bay. The kitchen presents future owners the chance to modernize with a design that currently includes wood-effect cabinetry and essential appliances. A well-sized shower room completes this level while offering potential for reconfiguration. Outdoor space is also noteworthy, comprising a private courtyard garden enclosed by high walls—ideal for creating an inviting outdoor retreat or even additional storage solutions. An outside store room and cloakroom add further practicality to this property. Located within a vibrant community, this property benefits from its corner positioning that enhances visibility for retail endeavors while providing easy access to local amenities. With renovation required in key areas, this dwelling presents an enticing project not only for homeowners looking to put their mark on it but also investors seeking to maximize rental returns in a competitive market. No chain means readiness for quick action on this distinctive opportunity.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -40.1% below area average per sq ft

-40.1%
Potential saving
This Property
£199/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£551,253
10% above area average per sq ft
Potential ROI
+59.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.4%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on EX4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Monks Road, Mount Pleasant, Exeter, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE