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Blackhorse Lane, Blackhorse, Exeter, Devon, EX5 - Image 1
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Blackhorse Lane, Blackhorse, Exeter, Devon, EX5 - Image 3
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Blackhorse Lane, Blackhorse, Exeter, Devon, EX5 - Image 8
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Blackhorse Lane, Blackhorse, Exeter, Devon, EX5

South West

£300,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
877 sqft

Description

This detached bungalow in the picturesque village of Blackhorse presents a unique opportunity for renovation and investment. The property features two spacious bedrooms, alongside a flexible layout that includes three reception areas: a comfortable lounge, a dedicated dining room, and a bright conservatory that overlooks the generous gardens. This versatile configuration allows for various living arrangements or potential reconfiguration to better suit modern lifestyles. Nestled on a substantial plot, the home is complemented by expansive front and rear gardens. The outdoor space offers ample room for gardening enthusiasts or those looking to explore landscaping possibilities. Additionally, there’s a garage and off-street parking available, further enhancing the convenience and practicality of this property. While the interior would benefit from some updating, this presents an excellent canvas for buyers eager to invest time and creativity in their new home. The position of the bungalow is particularly advantageous; it’s within easy reach of local amenities, including shops, pubs, schools, and with reliable transport links to Exeter just moments away. Overall, this bungalow not only provides a tranquil setting in a desirable village but also represents significant potential for those looking to create their ideal living space or capitalize on investment opportunities. Early viewing is encouraged to fully appreciate what this property has to offer.

Investment Analysis

(EX5 area)

Above Market Value

This property is priced +3.4% above area average per sq ft

+3.4%
This Property
£342/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£319,123
10% above area average per sq ft
Potential ROI
-6.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 0.1%
5 year growth: 12.3%
Investment Disclaimer: Analysis based on EX5 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

Blackhorse Lane, Blackhorse, Exeter, Devon, EX5
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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
£1,099
Based on a loan of £225,000 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