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Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 1
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 2
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 3
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 4
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 5
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 6
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 7
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 8
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 9
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 10
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 11
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 12
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 13
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 14
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 15
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 16
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 17
Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 18
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Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG - Image 22

Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG

South West

£399,000
Listed on 08/04/2026

Property Details

Bedrooms
N/A
Type
Commercial Development

Description

This former restaurant, which included residential quarters, stands as a promising renovation project in Exeter. Currently inactive, the building requires extensive internal refurbishment to meet modern standards and make it suitable for continued use as multiple residential units. The property spans approximately 6,002 sq ft and benefits from plans already approved for conversion into seven flats—three flats on the upper levels and four in the ground and lower ground floors. The location is advantageous, being close to Exeter's vibrant High Street and within walking distance of luxury student accommodations, making it ideal for student housing or rentals. Given the local demographic of around 135,000 residents and significant student influx due to Exeter University, this property presents a great investment opportunity. Interested parties should consider potential reconfigurations for bicycle and refuse storage to enhance the layout further. Essential services are connected but require verification.

Investment Analysis

(EX4 area)
Area Average
£331/sq ft
Avg Rent (weekly)
£299
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -2.0%
5 year growth: +10.6%
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

Old Malthouse, Bartholomew Street East, Exeter, Devon, EX4 3BG
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,413
Based on a loan of £299,250 over 30 years at 3.91% 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.

Price History

-6.1% since listed
£399,000£26,000(-6.1%)
03/06/2025
Current price
£425,000Initial listing
18/01/2025

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