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Elmfield Crescent, Exmouth, Devon, EX8 - Image 1
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Elmfield Crescent, Exmouth, Devon, EX8 - Image 3
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Elmfield Crescent, Exmouth, Devon, EX8 - Image 5
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Elmfield Crescent, Exmouth, Devon, EX8 - Image 9
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Elmfield Crescent, Exmouth, Devon, EX8

South West

£205,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
877 sqft

Description

Situated on the outskirts of Exmouth, this detached bungalow offers a promising renovation opportunity just a short distance from the scenic East Devon coastline. The property is conveniently located under a mile from Exmouth town centre, providing easy access to local amenities, shops, and the beautiful surrounding countryside. The home features two generously sized bedrooms alongside a spacious sitting room and a kitchen/breakfast room, all of which present ample potential for modern updates. With its original layout intact, there is significant scope to reimagine the interiors to better suit contemporary living standards or personal tastes. Set on a generous plot, the property includes a gently sloping rear garden and an expansive front patio area—ideal for outdoor enjoyment or further landscaping. Additionally, it comes with its own garage and private driveway, enhancing both storage and parking convenience. This residence offers not only immediate living potential but also serves as an attractive investment opportunity for those looking to capitalize on the thriving real estate market in this desirable location. With some thoughtful renovations, there's excellent potential to increase both aesthetic appeal and property value in a sought-after neighbourhood.

Investment Analysis

(EX8 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£234/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£344,253
10% above area average per sq ft
Potential ROI
+35.0%
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 (EX8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on EX8 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

Elmfield Crescent, Exmouth, Devon, EX8
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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
£751
Based on a loan of £153,750 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