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King Henrys Road, Exeter, Devon, EX2

South West

£550,000
Listed on 30/08/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in a sought-after residential neighborhood of Exeter, this three-bedroom property presents an excellent opportunity for renovation and investment. The home's spacious layout offers a solid foundation for those looking to personalize their living space, making it ideal for families and investors alike. Entering the property, you'll find a welcoming entrance hall that leads into generous living areas, providing ample room for family gatherings or entertaining guests. A convenient downstairs cloakroom adds to the practicality of the ground floor. Upstairs, the three well-proportioned bedrooms are complemented by a family bathroom, all of which would benefit from modern updates but possess considerable potential to be transformed into comfortable and stylish spaces. Outside, the property features driveway parking and a garage, alongside an additional outbuilding that could serve various functions—be it a utility room, home office, or creative studio. The expansive rear garden stands out as a significant asset; it offers abundant space for outdoor activities or landscaping endeavors and holds potential for extensions, subject to necessary planning permissions. This residence is strategically located near local amenities, schools, and transport links, ensuring convenience for daily living. With its proximity to Exeter’s vibrant scene—rich with restaurants, shops, and historical attractions—this property provides not only a solid home base but also promising investment potential as you work to enhance its value through thoughtful renovations. The property is served by mains electricity, water, and drainage with gas central heating in place. High-speed fiber broadband is available in the area as well. As Exeter continues to thrive with its connectivity via rail links (including two routes to London), an airport nearby, and easy access to the M5 motorway, this location remains highly desirable for both homeowners and renters. This property represents an inviting canvas ready for your vision—transforming it into a contemporary family residence while benefiting from its prime location.

Investment Analysis

(EX2 area)
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -5.5%
5 year growth: 8.4%
Investment Disclaimer: Analysis based on EX2 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

King Henrys Road, Exeter, Devon, EX2
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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
£2,015
Based on a loan of £412,500 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