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Quarry Lane, Exeter, Devon, EX2

South West

£120,000
Listed on 09/11/2025

Property Details

Bedrooms
1
Type
Flat
Area
565 sqft

Description

This one-bedroom flat presents a noteworthy opportunity for those interested in undertaking a renovation project or seeking a cozy residence in a well-regarded neighborhood. The spacious living area offers ample room for customization, allowing you to tailor the space to your personal style and needs. Whether you envision creating a warm retreat or infusing contemporary elements, this property serves as an excellent foundation for your creative ideas. Additionally, the flat includes a generous storage cupboard, a valuable asset that can help maintain an organized and clutter-free environment. In urban living situations where storage solutions can be limited, this feature stands out as a significant advantage. Situated in a desirable area with off-street parking available, the location enhances convenience by alleviating concerns about finding parking in a bustling community. Local amenities, including shops and public transport options, are all within easy reach, ensuring that everyday necessities are just moments away. With an impressive 198 years remaining on the leasehold, this property offers long-term security for potential buyers. While the flat would benefit from modernization and updates that reflect current trends, it is ripe with investment potential. With thoughtful renovations, it could evolve into an attractive home or rental property—appealing to first-time buyers and seasoned investors alike. This flat awaits transformation into something exceptional; seize this chance to bring your vision to life!

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -39.2% below area average per sq ft

-39.2%
Potential saving
This Property
£212/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£216,966
10% above area average per sq ft
Potential ROI
+44.6%
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

Quarry Lane, 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
£440
Based on a loan of £90,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE