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10 New North Road, Exeter

South West

£450,000
Listed on 02/11/2025

Property Details

Bedrooms
7
Type
Detached house
Area
1805 sqft

Description

This impressive Grade II listed Georgian terraced property presents a rare opportunity for renovation and investment in the heart of Exeter. Boasting seven bedrooms and extensive accommodation spread across four levels, it was previously utilized as a dental practice and is now vacant, offering an adaptable blank slate for potential buyers. Located just minutes from Exeter's city center, this property benefits from proximity to local amenities, including shops, restaurants, and Central Station, making it an attractive option for both residential living and rental opportunities. The property’s historic character is evident throughout, with period features that could be beautifully restored or enhanced during renovations. The ground floor features ample space that could be reconfigured to create a comfortable living area or commercial units, subject to planning consent. Typical layouts on the upper floors currently include several rooms suited for various uses—workspaces or bedrooms—alongside kitchen facilities that could serve either single-family or multi-occupant configurations effectively. A modest courtyard at the rear provides an outdoor space for relaxation or potential landscaping. Additionally, off-road parking is available along with a garage, adding practical value to this sizeable property. Given its current commercial use status and historical significance, this property may require cash buying due to potential mortgage complications. However, its unique charm and strategic location offer significant renovation potential for those looking to invest in Exeter's evolving real estate market.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -24.9% below area average per sq ft

-24.9%
Potential saving
This Property
£249/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£659,385
10% above area average per sq ft
Potential ROI
+15.7%
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 (EX4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.4%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on EX4 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

10 New North Road, Exeter
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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
£1,648
Based on a loan of £337,500 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