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Topsham Road, Exeter, EX2

South West

£375,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
508 sqft

Description

This three-bedroom detached bungalow presents an excellent opportunity for those interested in home renovation and investment potential. Situated in a quiet residential area, the property features a large, flat garden, off-road parking, and ample outdoor storage, offering various options for enhancement. Upon entering, you will find a spacious living room that benefits from dual aspect windows, filling the area with natural light. The feature fireplace adds character to the room and makes it a welcoming space for gatherings or relaxation. At the rear of the home is a fully equipped kitchen with a breakfast bar and generous worktop space. While functional as it stands, there’s significant potential to modernize this space according to personal tastes and contemporary standards. Adjacent is a separate dining room, which boasts lovely views of the expansive garden—ideal for family meals or hosting friends. Conveniently located on the ground floor is one of the three bedrooms, making this layout suitable for multi-generational living or those who prefer single-level accommodation. Completing this level is a family bathroom equipped with essential fixtures. Moving upstairs, you’ll discover two additional double bedrooms that are bright and well-sized thanks to large windows allowing plenty of sunlight. These rooms offer comfortable lodging for family members or guests along with an additional WC on this floor. The outdoor space is one of the property’s most appealing features. The generously sized rear garden offers ample opportunities for landscaping or creating recreational areas that cater to families or gardening enthusiasts alike. There are established shrubs ready for cultivation, and two convenient storage sheds at the back provide useful space for garden tools or outdoor equipment. Off-road parking at the back accommodates one vehicle securely, adding to the practicality of this charming property. With its promising features and location advantages, this bungalow represents an exciting opportunity for creative buyers looking to make their mark through renovation and personalization.

Investment Analysis

(EX2 area)

Above Market Value

This property is priced +111.5% above area average per sq ft

+111.5%
This Property
£738/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£195,077
10% above area average per sq ft
Potential ROI
-51.8%
After renovation
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

Topsham Road, Exeter, EX2
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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
£1,374
Based on a loan of £281,250 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