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Stanwey, Heavitree, Exeter, EX1

South West

£325,000
Listed on 11/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
910 sqft

Description

This spacious detached bungalow offers an excellent opportunity for renovation and investment, situated in a sought-after residential area. Located conveniently close to local amenities, healthcare facilities, and Heavitree Park, the property enjoys a prime position that is likely to attract future buyers or tenants. The layout features three generously sized bedrooms, providing ample space for various configurations. Upon entering, you'll find an entrance vestibule that leads into a sizable lounge/dining room equipped with a tiled fireplace, which could become a focal point of modernized living space. The kitchen is functional but in need of updating; it includes sufficient storage and workspace along with potential areas for integrating new appliances. This bungalow also benefits from an inner hallway leading to all main rooms, ensuring easy access throughout the home. Each bedroom comes with its own unique features, such as built-in wardrobe space and garden views, offering versatility for both personal use and reconfiguration possibilities. The bathroom and separate cloakroom present additional areas where updates could significantly enhance the overall appeal of the property. The existing fixtures are functional but dated, creating an ideal canvas for modern upgrades. Externally, the corner plot provides gardens on three sides, enhancing privacy and outdoor potential. A private driveway leads to a detached garage, adding convenience and storage options. The gardens feature established shrub beds and pathways that could be revitalized into attractive outdoor spaces. Overall, this property presents significant renovation potential while being situated in a desirable location that promises accessibility to local amenities and leisure facilities. Investors seeking to capitalize on this area will find it particularly appealing due to its growth prospects. With no onward chain, this bungalow is ready for its next chapter—whether it’s transformative renovations or creating a rental opportunity in a vibrant community.

Investment Analysis

(EX1 area)

Above Market Value

This property is priced +4.2% above area average per sq ft

+4.2%
This Property
£357/sq ft
Area Average
£343/sq ft
Avg Rent (weekly)
£348
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Target Value
£343,093
10% above area average per sq ft
Potential ROI
-15.5%
After renovation
Monthly Sales
30
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -3.2%
5 year growth: 9.6%
Investment Disclaimer: Analysis based on EX1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Stanwey, Heavitree, Exeter, EX1
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