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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 29/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom bungalow presents an exceptional opportunity for renovation enthusiasts in a sought-after area of Exeter. With ample garage space and off-road parking, the property is well-positioned for modernization while offering a reliable foundation to create your ideal living space or investment property. The spacious driveway leading to the single garage adds practicality and potential for future enhancement (subject to planning permissions). Upon entering, a generous hallway connects all main areas, showcasing a classic layout. The living room, distinguished by its large windows, invites natural light and has the potential to become a comfortable lounge with just a few cosmetic improvements. Adjacent, the kitchen remains functional yet awaits a complete overhaul; this is your chance to craft a culinary space that reflects your personal style, whether modern or traditional. The two double bedrooms are generously sized and filled with light; one features built-in wardrobes which enhance storage options. A bathroom located near the second bedroom offers significant renovation possibilities—whether you envision a contemporary shower setup or a relaxing bath, this space can be transformed into an appealing retreat. The private garden at the rear provides an expansive area primed for landscaping, where you could establish outdoor living spaces like patios or vegetable beds. Overall, this bungalow boasts strong structural integrity and immense renovation potential, making it ideal for downsizers, investors, or first-time buyers looking for their next project in an excellent location. Conveniently situated close to local amenities and green spaces while being only a short drive from Exeter city centre.

Investment Analysis

(EX2 area)
Area Average
£348/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.7%

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
38
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -7.9%
5 year growth: +6.5%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 over 30 years at 4.06% 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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