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Exeter Road, Exmouth - Image 1
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Exeter Road, Exmouth

South West

£275,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
474 sqft

Description

This mixed-use property presents a unique opportunity for renovation and investment, featuring a ground floor commercial space that was previously utilized as a hair salon, along with a spacious three-bedroom maisonette above. The commercial section offers versatile potential, given its prominent location and favorable zoning for various business activities. With some modernization, this area could serve as an excellent storefront or office space, appealing to local clientele. The maisonette, which occupies the upper two levels, requires updating but provides ample room for customization. It includes a dining room, kitchen, living room, three bedrooms, and a bathroom. The layout allows for creative reconfiguration to enhance functionality and comfort. This property invites the chance to renovate it into a desirable residence or rental unit, capitalizing on the growing demand for housing in this vibrant coastal town. Situated at the entrance of the River Exe estuary in Exmouth, this location balances convenience with natural beauty. Exmouth boasts over three miles of sandy beaches and is surrounded by picturesque Devon countryside. Additionally, it benefits from easy access to Exeter—just twelve miles away by road or rail—offering intercity transport links and an array of amenities including shopping and dining options. Potential investors will appreciate the possibility of creating parking solutions at the rear of the property, further enhancing its attractiveness for both commercial tenants and residents. This mixed-use setting is ideal for those looking to capitalize on Exmouth’s thriving tourism-driven economy while enjoying the charm of seaside living with numerous recreational activities such as sailing and water sports. With no chain involved in the sale, this property stands ready for a new owner to unlock its full potential through thoughtful renovation and strategic investment decisions.

Investment Analysis

(EX8 area)

Above Market Value

This property is priced +62.6% above area average per sq ft

+62.6%
This Property
£580/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£186,062
10% above area average per sq ft
Potential ROI
-40.9%
After renovation
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 (EX8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on EX8 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

Exeter Road, Exmouth
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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
£1,007
Based on a loan of £206,250 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