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Broadway, St Thomas, Exeter

South West

£315,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom semi-detached property offers a compelling opportunity for renovation and investment in a desirable area with excellent access to both the city and surrounding amenities. While the home is currently in need of updating, it presents significant potential for enhancement, including options for extension, subject to obtaining the necessary planning permissions. Upon entering, you are welcomed by an entrance hallway leading into a comfortable lounge featuring a charming box bay window that captures views of Exeter Cathedral. This room boasts an electric wall-mounted fireplace and retains classic details like picture rails, providing a solid foundation for future design updates. The adjoining dining room benefits from French doors that open directly onto the patio and spacious rear garden, creating a seamless flow between indoor and outdoor spaces—ideal for entertaining or family gatherings. The kitchen, though compact, comes equipped with essential fittings and has ample potential for reconfiguration to suit modern needs. Upstairs, the first-floor landing provides access to three bedrooms—each offering unique views and natural light through double-glazed windows. The primary bedroom features another box bay window that enhances its appeal. The family bathroom includes all necessary fixtures but could benefit from modernization to fully realize its potential. The exterior of the property includes a large enclosed garden at the rear, which is primarily laid to lawn with a patio area perfect for outdoor living. There is also access to a garage through shared driveway space, adding further practicality and storage options. This property is situated in a popular neighborhood known for its community feel and proximity to local services. Its investment viability is clear; with thoughtful updates and possible extensions, this home can be transformed into a modern residence tailored to current market demands. Viewing is highly recommended for those seeking a project with rewarding prospects.

Investment Analysis

(EX2 area)
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -5.5%
5 year growth: 8.4%
Investment Disclaimer: Analysis based on EX2 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

Broadway, St Thomas, 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
£1,154
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