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Matford Avenue, Exeter, Devon, EX2 - Image 1
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Matford Avenue, Exeter, Devon, EX2

South West

£525,000
Listed on 25/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom bungalow presents a unique opportunity for renovation in a sought-after area of Exeter. With off-street parking and a generous garage, the property is well-positioned to serve as a solid foundation for a modern home or an investment project. Upon arrival, the spacious driveway leads directly to the single garage, which not only provides ample storage but also holds potential for future conversion (subject to planning permissions). The property's frontage is clean and offers a degree of privacy from the street, setting a welcoming tone. Inside, you'll find a large hallway that connects to all main living areas, showcasing a traditional layout that is both functional and adaptable. The living room, located immediately to your left, benefits from large windows that allow plenty of natural light. This space could easily be transformed into a contemporary lounge with some cosmetic updates. Adjacent to the living room is the kitchen, which while functional at present, is ripe for modernization. There’s considerable scope to redesign this area according to personal preferences—whether you envision sleek modern finishes or classic designs. The bungalow features two generously-sized double bedrooms; one includes built-in wardrobes. Both rooms are bright and airy, offering excellent potential for creating comfortable retreats. The bathroom, situated near the second bedroom, is another area with significant renovation possibilities. Whether you want to install a luxurious walk-in shower or retain a bath option, this space can be tailored to suit your needs. At the rear of the property lies a private garden that awaits landscaping. There’s plenty of opportunity here for creating outdoor living spaces such as patios or vegetable beds. With its solid structure and versatile layout, this property is ideal for downsizers looking for manageable space or investors seeking an exciting project in an excellent location. Matford Avenue is conveniently located near local amenities, schools, and parks while being just a short drive from Exeter's city center—making it both practical and appealing for future occupants. This bungalow not only offers immediate comfort but also possesses remarkable investment potential in an attractive market.

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 - £45,000
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

Matford Avenue, Exeter, Devon, 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
£1,923
Based on a loan of £393,750 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