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Honiton Road, Exeter, EX1

South West

£350,000
Listed on 14/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1104 sqft

Description

This semi-detached property presents an excellent opportunity for families looking to invest in a home with significant potential for customization. Conveniently located with easy access to both the city centre and major roadways, this residence offers a blend of space and potential. While some areas have been freshly decorated, there remains the option for modernization, particularly in the kitchen and bathroom, enabling new owners to put their personal stamp on the home.<br><br>The front garden is spacious and leads to a protected porch that welcomes you into the entrance hall. Inside, the expansive open plan living/dining area features a bay window that provides ample natural light, with distinct spaces for dining and relaxation. The snug area at the back includes folding doors that lead to the garden and a skylight overhead, enhancing the airy feel of this room. The kitchen is equipped with basic units and appliances but could benefit from an upgrade; there's also potential for creating a utility area with existing cupboard space.<br><br>Moving upstairs, the first floor comprises three well-proportioned bedrooms; the main bedroom boasts built-in storage and a vanity unit, while the other two bedrooms offer flexibility for family or guests. The bathroom features classic elements such as a cast iron bath but may require modern updates to meet contemporary tastes.<br><br>The exterior of the property features a long front garden bordered by mature trees, while the rear garden has been thoughtfully landscaped to accommodate outdoor entertaining. Additional conveniences include side access to both gardens and a garage alongside driveway parking options.<br><br>With its solid structure and desirable location in Exeter, this home not only serves as an inviting family dwelling but also as a canvas for those eager to invest in renovations that could significantly enhance its value.

Investment Analysis

(EX1 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%
Potential saving
This Property
£317/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£313
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£414,657
10% above area average per sq ft
Potential ROI
+6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (EX1)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -4.5%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on EX1 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

Honiton Road, Exeter, EX1
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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
£1,262
Based on a loan of £262,500 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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