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Cowley, Exeter

South West

£300,000
Listed on 02/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity, featuring a courtyard of barns with planning approval for conversion into a generously sized family residence. Spanning approximately 0.5 acres and located just outside Exeter, it offers the perfect blend of rural tranquility and urban convenience, being a mere three miles from the city center. Exeter, known for its robust business environment and vibrant leisure scene, is easily accessible via excellent transport links, including the M5 motorway and regular rail services to London. The existing structure includes nearly 2,500 sqft earmarked for a spacious single-storey home with an open-plan layout and four bedrooms overlooking the central courtyard. Additionally, there is a substantial detached outbuilding of around 1,650 sqft that could be repurposed or expanded for residential use (subject to local permissions). The plot not only boasts an impressive courtyard but also features ample parking and a large private garden with expansive views. This project is ideal for developers or self-build enthusiasts keen on creating a customized living space close to Exeter while enjoying the benefits of rural life. The planning consent has been partially implemented following previous site works, ensuring that much of the groundwork has already been laid. Interested parties should verify the ability to connect to mains services available nearby.

Investment Analysis

(EX5 area)
Area Average
£331/sq ft
Avg Rent (weekly)
£274
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by +6.1% over the last 12 months
3 year growth: 0.1%
5 year growth: 12.3%
Investment Disclaimer: Analysis based on EX5 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

Cowley, 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
£1,099
Based on a loan of £225,000 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