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Exeter, Devon

South West

£850,000
Listed on 06/02/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
2244 sqft

Description

This end-of-terrace property presents a unique opportunity for those looking to invest in a versatile residential space with renovation potential. Upon entering, you are greeted by an entrance porch that leads to a cloakroom and utility area, setting the tone for practical family living. The ground floor boasts a dining room featuring a newly installed wood burner, adding warmth and character. The upgraded kitchen is equipped with integrated appliances and flows into a spacious family room that opens directly onto the garden, ideal for outdoor entertaining or simply enjoying natural light. In addition to these main living areas, the house includes a separate sitting room and an ancillary bathroom, providing flexible options for use. Moving upstairs, you'll find three bedrooms along with another family bathroom; the master bedroom benefits from built-in wardrobe space for added convenience. A semi-converted attic space on the second floor offers further potential for customization—perfect for creating an additional bedroom, office, or play area. The property's outdoor space is equally appealing, featuring a south-facing garden complemented by both lawn and patio areas. This extensive plot also includes two paddocks enclosed by post-and-rail boundaries totaling approximately 0.6 acres, providing ample opportunities for gardening or small-scale livestock. Importantly, this site comes with outline planning permission granted for the development of seven new dwellings, pending a signed section 106 agreement (refer to planning application reference 21/2604/OUT). This aspect makes it particularly attractive for investors or developers seeking to capitalize on demand in this desirable location. Situated on the outskirts of Broadclyst village at Broadclyst Station, residents will appreciate easy access to local amenities including shops, pubs, an Indian restaurant, and healthcare services. Highly-regarded primary and secondary schools are within proximity, making this an ideal environment for families. Outdoor enthusiasts will find themselves surrounded by beautiful walks in nearby National Trust properties like Ashclyst and Killerton Estates while still being close enough to Exeter City Centre—approximately six miles away—offering urban conveniences alongside rural charm. For those considering renovation or development opportunities in a well-connected and vibrant community setting, this property stands out as a promising investment prospect.

Investment Analysis

(EX5 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£379/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£816,547
10% above area average per sq ft
Potential ROI
-12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 0.1%
5 year growth: 12.3%
Investment Disclaimer: Analysis based on EX5 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

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
£3,114
Based on a loan of £637,500 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