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Causey Lane, Exeter EX1 3SH

South West

£240,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
807 sqft

Description

Nestled in a well-established residential neighborhood of Pinhoe, this 3-bedroom home offers a remarkable opportunity for renovation and investment. While it requires modernization throughout, the property serves as a blank canvas awaiting your creative touch—perfect for investors or first-time buyers eager to embark on a rewarding project. Originally designed as a two-bedroom layout, the home has been modified to include three usable bedrooms, thanks to the conversion of the spacious front bedroom. This flexible arrangement caters to various living needs, though prospective owners will notice that there is currently no central heating and both the kitchen and bathroom would benefit from updates. This allows you to design these spaces according to your personal style and preferences. Additionally, there is significant potential for further development on the property. The surrounding area features several homes that have successfully undergone loft conversions and rear extensions, presenting excellent possibilities for expanding the living space (subject to planning permissions). The large rear garden also invites enhancements that could optimize outdoor enjoyment or even create additional functional areas. The location itself is another strong asset. Causey Gardens is conveniently situated within easy reach of Exeter City Centre, where you can find an array of local shops, supermarkets, cafes, and various other amenities. Families will appreciate being within the catchment area for well-respected Pinhoe Primary School and the property's proximity to Exeter College as well as the Royal Devon and Exeter Hospital. Transport links are convenient with regular bus services operating nearby, along with quick access to Pinhoe and Polsloe Bridge train stations. Major routes such as the M5 and A30 are easily accessible, making it an ideal spot for commuters. With its strong investment potential and prime location combined with ample room for improvement or expansion, this property stands out as a unique opportunity waiting for someone ready to make it their own. Early viewing is encouraged to fully appreciate what this home has to offer.

Investment Analysis

(EX1 area)

Below Market Value

This property is priced -12.5% below area average per sq ft

-12.5%
Potential saving
This Property
£297/sq ft
Area Average
£340/sq ft
Avg Rent (weekly)
£356
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£301,729
10% above area average per sq ft
Potential ROI
+7.8%
After renovation
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

Causey Lane, Exeter EX1 3SH
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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
£879
Based on a loan of £180,000 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