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Development Site, Toronto Road, Exeter

South West

£350,000

Listed on 20/04/2024

The listing

Property details

Bedrooms
9
Type
Plot

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.

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Map

Location

Development Site, Toronto Road, Exeter
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 over 30 years at 4.45% 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.

Tax

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Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Pricing

Price history

-12.5% since listed
£350,000£40,000(-10.3%)
17/04/2025
Current price
£390,000£10,000(-2.5%)
30/05/2024
£400,000Initial listing
19/04/2024

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