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Salisbury Road, Mount Pleasant, Exeter, EX4

South West

£200,000
Listed on 24/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
976 sqft

Description

This Victorian mid-terrace house boasts a generous layout and is positioned conveniently close to local amenities and the vibrant Exeter city centre. With three well-proportioned bedrooms, this residence offers significant potential for refurbishment. The entrance vestibule leads into a spacious reception hall complemented by a sitting room featuring a charming bay window and fireplace recess. The dining room provides an open flow into the kitchen, which includes essential fixtures but would benefit from modernisation to enhance functionality. A lean-to utility space offers additional options for expansion or reconfiguration. The first floor is home to three bedrooms, including a sizable main bedroom with built-in storage. The property includes an enclosed courtyard garden at the rear, providing outdoor space and direct rear access—ideal for future enhancements. While the current condition indicates that updating is necessary, this home presents an excellent opportunity for investors or homeowners looking to create their dream living space without the constraints of a chain.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -38.8% below area average per sq ft

-38.8%
Potential saving
This Property
£205/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£333
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£359,602
10% above area average per sq ft
Potential ROI
+53.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -0.4%
5 year growth: 15.9%
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

Salisbury Road, Mount Pleasant, Exeter, EX4
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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
£721
Based on a loan of £150,000 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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