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The Panney, Exeter, Devon, EX4

South West

£275,000
Listed on 14/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1275 sqft

Description

This detached property presents a promising opportunity for renovation and investment, located at the end of a quiet cul-de-sac in the desirable Polsloe area of Exeter. With four bedrooms, it offers versatile living spaces that can be tailored to meet modern preferences. The home is accompanied by low-maintenance front and rear gardens, as well as a double garage and additional driveway parking capable of accommodating multiple vehicles. Inside, the ground floor features an entrance porch leading to a hallway that opens into a spacious lounge/diner complete with a conservatory. The kitchen/breakfast room is conveniently positioned alongside a garden room, while there is also a cloakroom and an adaptable fourth bedroom that could serve as a dining room or office space. Moving upstairs, the layout includes a master bedroom with an en-suite shower room and dressing area (previously utilized as the fifth bedroom), along with two additional bedrooms and a family bathroom. The property's location enhances its appeal; it is within easy reach of local shops, supermarkets, recreational facilities, and schools for all age groups. Polsloe Bridge railway station is nearby, providing convenient access to public transport, while major road networks such as the M5/A30/A38 and Exeter Airport are just a short drive away. Although the property requires modernization—particularly due to its current spray foam insulation—this aspect represents an excellent opportunity for investors looking to enhance property value through upgrades and improvements. With some thoughtful renovations, this home has the potential to transform into a desirable residence in an attractive neighborhood. Viewings are available by appointment through Fulfords Exeter.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -35.1% below area average per sq ft

-35.1%
Potential saving
This Property
£216/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£465,770
10% above area average per sq ft
Potential ROI
+43.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

The Panney, 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
£1,007
Based on a loan of £206,250 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