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Farm Hill, Ewick, Exeter

South West

£195,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom terraced house presents a promising opportunity for those looking to invest in a property with significant renovation potential. The home features a conservatory and an allocated parking space, adding to its practicality. Located in an established residential neighborhood, it benefits from convenient public transport access, including a regular bus route and proximity to St David's mainline railway station. Although the property requires cosmetic updates throughout, its layout is functional and spacious. Upon entering, you'll find an entrance hall complete with a storage cupboard. The dual-aspect kitchen offers good natural light, while the generous living room provides ample space for relaxation or entertaining. The conservatory could be transformed into a vibrant living area or garden space with some creativity. Upstairs, there are three bedrooms along with a first-floor bathroom that could benefit from modernization. The exterior features a tiered rear garden awaiting landscaping, where the upper tier offers views of the surrounding area—a perfect canvas for outdoor enthusiasts or those looking to create an inviting retreat. With no onward chain, this property presents an excellent opportunity for both first-time buyers and seasoned investors. The estimated rental value is approximately £1,100 per month, which translates to a potential gross rental yield of 6.6%, making it an attractive option for those considering rental income. Early internal viewings are encouraged to fully appreciate the possibilities this property has to offer.

Investment Analysis

(EX4 area)
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
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

Farm Hill, Ewick, 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
£714
Based on a loan of £146,250 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