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Martins Road, Exmouth

South West

£264,500
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
592 sqft

Description

This semi-detached bungalow presents an exciting opportunity for renovation and investment in a well-regarded cul-de-sac, conveniently situated near local bus routes and shops. The property is ready for modernization, allowing prospective buyers the chance to create a home that reflects their style and preferences. The layout includes two spacious double bedrooms, a bright sitting room with a fireplace, and a functional kitchen equipped with essential storage and work surfaces. A wet room adds practicality and is designed with accessibility in mind. The property's configuration offers flexibility for reimagining spaces to enhance comfort and functionality. Outside, the level rear garden provides ample space for landscaping or outdoor living areas, while the detached garage offers additional storage or potential workspace. Driveway parking accommodates multiple vehicles, enhancing convenience for residents and guests alike. Recent updates include a new boiler installed in 2024, ensuring efficiency in heating as you plan your renovations. With no onward chain, this property is poised for a swift transition to its new owners. Exmouth itself is renowned for its scenic seaside location at the mouth of the River Exe. It boasts extensive sandy beaches and lush Devon countryside, while being just twelve miles from Exeter's bustling city amenities including an intercity train station, airport access, and connections to major transport links like the M5 motorway. Residents also benefit from numerous local shops, restaurants, and recreational facilities including golf clubs, water sports activities, and community schools. In summary, this bungalow's solid foundation and prime location present significant renovation potential for those looking to invest in a home that can be tailored to meet modern living standards while enjoying the beauty of coastal life.

Investment Analysis

(EX8 area)

Above Market Value

This property is priced +25.2% above area average per sq ft

+25.2%
This Property
£447/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£232,381
10% above area average per sq ft
Potential ROI
-23.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on EX8 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

Martins Road, Exmouth
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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
£969
Based on a loan of £198,375 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