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Mandrake Road, Alphington, Exeter

South West

£150,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
891 sqft

Description

This three-bedroom property presents a promising opportunity for renovation and investment. The layout includes an entrance hall leading to a lounge and a spacious open plan kitchen/diner, providing a versatile space that can be transformed with some updates. The first floor features three bedrooms, a bathroom, and a separate WC, all of which could benefit from modernization. The expansive rear garden is complemented by multiple outdoor features including a large decked area and brick-built structures, offering potential for landscape redesign or further development (subject to planning permissions). Located in a sought-after residential area near local amenities such as schools and the Marsh Barton Industrial Estate, this property is conveniently positioned for commuting as well. Ideal for cash buyers looking to add value through renovations, there is no onward chain involved.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -51.8% below area average per sq ft

-51.8%
Potential saving
This Property
£168/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£342,153
10% above area average per sq ft
Potential ROI
+84.9%
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

Mandrake Road, Alphington, 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
£549
Based on a loan of £112,500 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