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Chancellors Way, Exeter EX4 9DP

South West

£315,000
Listed on 13/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
893 sqft

Description

Situated in the desirable Beacon Heath area, this link-detached family home presents a unique opportunity for renovation and investment. Designed as an upside-down house, it features a versatile layout spanning four levels, allowing for a range of living arrangements to suit modern lifestyles. Upon entry, the home reveals a compact kitchen on the left and a dining area currently utilized as a fourth bedroom on the right. Ascend the stairs to find a bright and airy lounge adorned with large windows that offer expansive views. The property also includes two additional bedrooms and a shower room on the lower level, while further steps lead down to a lower ground floor featuring a conservatory/utility area and an additional bathroom equipped with a Jacuzzi bath. Although the home is in need of modernization, it provides an ideal canvas for those looking to create their dream space or make strategic enhancements for rental potential. The exterior features both a garage and an allocated parking space. Chancellors Way benefits from its proximity to essential local amenities including shops, pubs, and restaurants. Families will appreciate access to well-regarded primary and secondary schools such as Pinhoe C of E Primary School and St James School. Commuters will find Pinhoe and Polsloe Train Station nearby, providing regular services to Exeter city centre, London Waterloo, and beyond. Additionally, major road links are conveniently accessible for journeys along the M5, A30, and to Exeter Airport. This property is positioned to attract various buyers—from families seeking flexibility in their living space to investors searching for a project in a sought-after neighborhood. With no onward chain in place, this home offers substantial potential in an attractive location.

Investment Analysis

(EX4 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£353/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£326,222
10% above area average per sq ft
Potential ROI
-8.1%
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 (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

Chancellors Way, Exeter EX4 9DP
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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
£1,154
Based on a loan of £236,250 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