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Newton St. Cyres, Exeter, EX5

South West

£450,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1615 sqft

Description

Set in the desirable village of Newton St Cyres, this extended 1960s detached bungalow presents an excellent opportunity for renovation and investment. Positioned conveniently between Crediton and Exeter along the A377, the property guarantees easy access to both towns while maintaining a peaceful community atmosphere. The village is known for its friendly vibe, featuring a modern primary school, local eateries like The Beer Engine and Belluno Italian Restaurant, as well as recreational facilities including tennis and cricket grounds. Markhams sits on a sizeable level plot and offers plenty of space both indoors and outdoors, but it does require updating to reach its full potential. The bungalow includes uPVC windows and modern gas central heating but could benefit from aesthetic enhancements throughout. The spacious layout features a large living room that connects to a covered outdoor seating area, perfect for future entertaining or relaxing views of the garden. Three evenly sized double bedrooms are complemented by a wet room with a walk-in shower, which presents an opportunity for modernization. The exterior boasts ample off-road parking leading to a detached garage, alongside an expansive front garden rich with established flora, including rare plants like the Wollemi Pine. The rear garden offers additional space that is currently underutilized but has great potential for landscaping or creating outdoor living areas. This property calls for creative vision to restore its charm and adapt it to contemporary standards.

Investment Analysis

(EX5 area)

Below Market Value

This property is priced -16.9% below area average per sq ft

-16.9%
Potential saving
This Property
£279/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£283
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£595,483
10% above area average per sq ft
Potential ROI
+21.5%
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
41%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -2.5%
5 year growth: +6.2%
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

Newton St. Cyres, Exeter, EX5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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