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Queens Road, Exeter

South West

£550,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1717 sqft

Description

This freehold property presents a significant investment opportunity, comprising four separate flats that provide excellent potential for rental income or HMO conversion on the desirable Queens Road. The semi-detached layout features two ground-floor apartments with private entrances and garden space, while the upper units offer unique configurations suitable for tenants. Flat 1 boasts a bay-windowed living area, an en suite bedroom, and direct access to a courtyard; Flat 2 includes a secure private bathroom, and Flat 3 is designed as a cozy studio with bathroom access one floor below. Furthermore, Flat 4 is equipped with its own entrance, garden space, and en suite facilities, enhancing its allure for prospective tenants. The property also benefits from communal outdoor space at the front, which could potentially be repurposed for off-road parking (subject to planning permission). With some modernization needed, this property can be transformed into a lucrative multi-unit letting investment.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£320/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£659,345
10% above area average per sq ft
Potential ROI
+4.7%
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

Queens Road, Exeter
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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
£2,015
Based on a loan of £412,500 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.

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