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Portland Street, Exeter

South West

£225,000
Listed on 13/10/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This four-bedroom terraced house, situated conveniently close to Exeter City Centre, presents a substantial opportunity for renovation and investment. Spanning three levels, the property offers ample space and a layout ripe for modernization. Although it requires updating, the potential for a buyer to personalize this home is significant. The residence features some original characteristics, including sash windows and fireplaces that contribute to its charm. These elements provide a foundation to create a stylish and contemporary living environment while preserving historical details. The spacious lounge/dining area is designed for flexible use, making it an inviting space for both relaxation and entertaining. The kitchen offers a functional layout with room for improvement, featuring existing base units and plumbing ready for your enhancements. A bathroom on the ground floor serves the needs of the household while additional facilities are located on the first floor. On the upper levels, you'll find four well-sized bedrooms that can accommodate various needs; whether utilized as sleeping quarters or transformed into office spaces or creative rooms, there’s flexibility to fit different lifestyles. Outdoors, the rear garden provides an uncultivated area where one might envision landscaping possibilities or outdoor entertainment spaces. Located within a residents' parking zone adds an extra layer of convenience in this bustling area close to local amenities including schools, supermarkets, and transportation links. This property comes with no onward chain, making it easier for prospective buyers to navigate through the acquisition process. Given its prime location and versatile living space, this house is particularly appealing for first-time buyers looking to invest in their future or seasoned investors seeking a project with promising returns in a desirable neighborhood.

Investment Analysis

(EX1 area)
Area Average
£340/sq ft
Avg Rent (weekly)
£356
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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
10%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -5.0%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on EX1 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

Portland Street, 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
£824
Based on a loan of £168,750 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