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Development Site, Toronto Road, Exeter - Image 1
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Development Site, Toronto Road, Exeter

South West

£350,000
Listed on 18/04/2025

Property Details

Bedrooms
9
Type
Detached house

Description

This property presents a noteworthy opportunity for developers or investors looking to capitalize on its existing potential. Currently, there is full planning permission in place for the demolition of the existing garage block, with plans to construct three contemporary three-bedroom terraced homes. Each dwelling will feature dedicated external amenity spaces and first-floor rear balconies, catering to modern living standards. Situated in a cul-de-sac position on Toronto Road, this property benefits from a desirable location that offers convenient access to Exeter's City Centre, the University of Exeter, and a range of local amenities. This prime setting enhances the appeal of the development project, making it an attractive option for prospective buyers or renters. The planning documentation can be easily accessed through the Exeter City Council website under application number 23/0653/FUL. This transparency ensures that all potential investors can review the necessary details related to the planned development. In summary, this site not only holds immediate renovation prospects but also serves as a strategic investment with enduring value in a sought-after area.

Investment Analysis

(EX4 area)
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £800,000
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

Development Site, Toronto Road, Exeter
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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
£1,282
Based on a loan of £262,500 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.

Next Steps

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