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Thornton Hill, Exeter, Devon, EX4

South West

£500,000
Listed on 30/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1536 sqft

Description

This link-detached house presents a unique opportunity for renovation in a desirable and quiet location, conveniently situated less than half a mile from the city center. Although the property requires modernization throughout, it offers significant potential for investors or homeowners looking to personalize their space. The ground floor features a welcoming entrance hallway, a convenient cloakroom, and a spacious living room that boasts natural light and garden views. Additionally, there is a separate study and an expansive kitchen-dining area. A highlight of the property is the conservatory-like garden room along the side, which can serve as an inviting space for relaxation or entertaining. On the first floor, you will find two generously sized double bedrooms equipped with fitted wardrobes, alongside a third smaller bedroom that can easily adapt to various uses. The shower room is functional and has potential for updates, while additional storage enhances practicality. The outdoor space includes an enclosed rear garden facing south-east, surrounded by mature trees and shrubs that create privacy. There is shared access from the service lane leading to private parking options along with a single garage featuring a side door for convenience. A private footpath provides direct access to West Avenue. Local amenities are excellent, with numerous state and private schools nearby, as well as easy access to Exeter College and the university. This property's location combined with its investment potential makes it an appealing prospect for those ready to take on a modernization project.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -2.0% below area average per sq ft

-2.0%
Potential saving
This Property
£326/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£561,116
10% above area average per sq ft
Potential ROI
+3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.4%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on EX4 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

Thornton Hill, Exeter, Devon, EX4
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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
£1,832
Based on a loan of £375,000 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