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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 former doctor's surgery, located in the desirable St Leonards neighborhood of Exeter, offers a distinct opportunity for investors and developers. The property comes with approved planning permission for conversion into three self-contained flats, making it an ideal candidate for a lucrative investment project. Alternatively, there is the potential to restore this Victorian gem into a spacious family home that retains its historic charm. Spanning approximately 2,444.49 sq ft, the interior features high ceilings and original period details, providing a solid foundation for renovation. The expansive layout includes a large private garden, offering outdoor space for future tenants or residents. Additionally, the boarded loft presents options for extra storage or potential development. St Leonards itself is renowned for its strong community vibe and excellent local amenities. Its proximity to Exeter’s city center adds to its appeal, making it attractive not only to families but also to professionals seeking convenient access to urban life. For peace of mind, all relevant safety certificates—gas safety, electrical installations, and fire alarms—are current and compliant with regulations. This ensures that prospective investors can focus on maximizing the property's potential without concerns over necessary updates. With its mix of historical character and modern investment appeal, this property represents a unique opportunity in a sought-after area. It invites you to explore its possibilities further—an invitation worth considering for those looking to make a significant mark in the local real estate market.

Investment Analysis

(EX1 area)
Area Average
£340/sq ft
Avg Rent (weekly)
£356
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -5.0%
5 year growth: 10.6%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 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.

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