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Belmont Road, Exeter, Devon, EX1

South West

£155,000
Listed on 25/08/2025

Property Details

Bedrooms
2
Type
Flat
Area
602 sqft

Description

This top-floor two-bedroom apartment is nestled within a charming Grade II listed building, offering potential buyers a unique opportunity for renovation in the heart of the City Centre. The property benefits from being sold with no chain, allowing for a smoother transition for the new owner. Situated just a short stroll away from an array of local amenities, shops, and public transport links, this location ensures convenient access to essential services, including the Royal Devon and Exeter Hospital and nearby university campuses like St Luke's and Streatham. This vibrant area is ideal for those seeking both urban convenience and community accessibility. Upon entering the apartment, you’ll find a well-maintained communal hallway leading into a bright and airy living room that captures natural light. The layout includes a separate kitchen equipped with modern fixtures, alongside two generously-sized double bedrooms that boast impressive views. The bathroom is functional and spacious, complemented by ample storage options throughout the unit. The exterior features a beautifully landscaped communal garden, providing residents with a tranquil space to unwind. While the apartment requires some updating to fully realize its potential, it presents an excellent project for someone looking to personalize their living space or invest in a promising property. This apartment represents not only a viable first-time purchase but also an appealing investment opportunity in an ever-desirable location.

Investment Analysis

(EX1 area)

Below Market Value

This property is priced -25.3% below area average per sq ft

-25.3%
Potential saving
This Property
£257/sq ft
Area Average
£345/sq ft
Avg Rent (weekly)
£359
Avg Yield
5.9%

Renovation Potential

Est. Renovation Cost
£15,500 - £38,750
10-25% of property value
Target Value
£228,161
10% above area average per sq ft
Potential ROI
+17.8%
After renovation
Monthly Sales
23
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by +2.5% over the last 12 months
3 year growth: -3.6%
5 year growth: 10.5%
Investment Disclaimer: Analysis based on EX1 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

Belmont Road, Exeter, Devon, EX1
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