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Somerset Avenue, Exeter, Devon

South West

£350,000
Listed on 07/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
955 sqft

Description

Nestled in the desirable Higher St Thomas area, this 2–3 bedroom bungalow presents a rare opportunity to acquire a property for the first time in over six decades. While it is in need of modernisation, this residence offers significant potential to be transformed into a custom family home that reflects your personal taste. The bright and spacious layout includes two bathrooms, a generous lounge that benefits from ample natural light, and a large kitchen. The well-maintained gardens at both the front and rear add to the charm, along with practical features such as a garage with power and driveway parking. With side access available, this property holds remarkable promise for renovation into a stylish contemporary living space.

Investment Analysis

(EX4 area)

Above Market Value

This property is priced +10.4% above area average per sq ft

+10.4%
This Property
£366/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£348,871
10% above area average per sq ft
Potential ROI
-12.8%
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

Somerset Avenue, Exeter, Devon
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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
£1,282
Based on a loan of £262,500 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