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Exwick Road, Exeter, EX4

South West

£550,000
Listed on 13/05/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This individual four-bedroom detached home presents a significant opportunity for those interested in renovation or investment. Nestled on a generous half-acre plot, the property offers ample space and strategic potential for expansion or development. The current layout comprises four well-sized bedrooms, two of which feature en-suite shower rooms. There are also additional bathrooms and a guest WC, ensuring convenience for family living. A spacious entrance hall leads to a traditional farmhouse kitchen, complete with a wood burner that provides an alternative heating source alongside the gas central heating system. The kitchen includes a walk-in larder that houses the Worcester gas boiler. Adjacent to this is a cozy lounge equipped with a multi-fuel stove, enhancing the inviting atmosphere of the home. Practical features include a utility room which could serve as a second kitchen and plenty of storage throughout. Notably, planning permission has been granted for the construction of an impressive three-story, three-bedroom detached property adjacent to the existing home. This new dwelling will have its own independent entrance, adding value and functionality to the plot. Beyond this exciting prospect, there are various options for further development: one could replace the garages with another dwelling similar to what has already been approved or explore possibilities like raising the roof and dividing the existing house into semi-detached units. The potential also extends to converting garages into an annex or even expanding the current home (subject to necessary consents). The outdoor space is equally appealing, featuring a large garden with patio areas designed for relaxation and entertaining while taking in expansive views. Additionally, there is a block-built structure at the top right of the garden previously used as storage; it has good potential for use as an office, gym, or additional storage. Located on the outskirts of the city center, this property benefits from proximity to essential amenities. A short 15-minute walk brings you to vibrant city life, while St David's train station is just six minutes away on foot. Families will appreciate nearby parks and schools—both primary and secondary—as well as recreational paths along the River Exe offering tranquil escapes from urban hustle. With ample parking capacity accommodating over ten vehicles and several viable avenues for enhancement or expansion, this unique property stands out in terms of its potential appeal for families, developers, and investors alike.

Investment Analysis

(EX4 area)
Area Average
£338/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£55,000 - £137,500
10-25% of property value
Monthly Sales
49
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 4.0%
5 year growth: 22.3%
Investment Disclaimer: Analysis based on EX4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Exwick Road, Exeter, EX4
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