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Barnfield Hill, Exeter

South West

£650,000
Listed on 27/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This historic former medical practice in the desirable St Leonards area of Exeter offers a distinctive opportunity for developers and investors aiming to capitalize on its substantial potential. The property comes with approved planning permission for conversion into three self-contained flats, providing a clear path for income generation. Alternatively, it could be transformed back into an elegant family residence, taking advantage of its impressive Victorian architecture, featuring high ceilings and original character throughout. With a generous internal area of 2,444.49 sq ft, the property also boasts a spacious private garden and a boarded loft which could be utilized creatively. Additionally, three parking permits add significant value in this sought-after locality, known for its community spirit and proximity to Exeter’s vibrant city centre. Current compliance with all gas safety, electrical, and fire alarm regulations is an added advantage for prospective investors seeking peace of mind while undertaking renovations.

Investment Analysis

(EX1 area)
Area Average
£341/sq ft
Avg Rent (weekly)
£324
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -5.5%
5 year growth: +6.7%
Investment Disclaimer: Analysis based on EX1 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

Barnfield Hill, Exeter
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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