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Queens Road, Exeter

South West

£425,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Semi Detached
Area
1717 sqft

Description

This freehold semi-detached property is composed of four separately accessed flats, situated in the desirable area of Queens Road. Each apartment offers a unique layout, providing excellent scope for renovation and enhancing rental value, particularly with potential for HMO conversion. The ground-floor units feature private entrances and outdoor garden areas, adding to the appeal for tenants. The first and second-floor apartments share a communal entrance, and while they offer comfortable living space, modernization could significantly increase their attractiveness to renters. The front garden may also be converted into off-road parking (subject to planning), further increasing the investment potential. While current EPC ratings vary, there is an opportunity to improve energy efficiency through upgrades. This property is ideal for investors looking to add value through thoughtful refurbishment.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -29.2% below area average per sq ft

-29.2%
Potential saving
This Property
£248/sq ft
Area Average
£350/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£660,762
10% above area average per sq ft
Potential ROI
+30.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -8.7%
5 year growth: +3.8%
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

Queens Road, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-22.7% since listed
£425,000£50,000(-10.5%)
08/04/2026
Current price
£475,000£50,000(-9.5%)
03/03/2026
£525,000£25,000(-4.5%)
22/01/2026
£550,000Initial listing
29/12/2025

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