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Parkway, Exeter, EX2

South West

£260,000
Listed on 02/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
595 sqft

Description

This semi-detached bungalow offers a unique opportunity for renovation and investment, featuring two spacious double bedrooms and a shared driveway along with generously-sized front and rear gardens that present ample landscaping potential. Enter through an inviting archway into a reception room characterized by its original fireplace and exposed brick walls, creating a warm atmosphere ready for modern updates. The cottage-style kitchen awaits reconfiguration to suit contemporary needs, providing practical spaces for appliances while allowing room for personalization. A well-appointed bathroom includes both a separate shower cubicle and a luxurious freestanding bathtub, ideal for relaxation after renovation. The layout accommodates two double bedrooms—one with built-in wardrobes and scenic views of the garden—offering flexible living options. Additionally, the expansive gardens not only enhance outdoor living but also offer possibilities for extensions, pending planning permissions. Recent upgrades such as solar panels, an air-source heat pump, full rewiring, new radiators, double-glazed windows, and loft insulation are noteworthy improvements that contribute to energy efficiency and comfort. Located in a tranquil residential area of Exeter with excellent transport links to the A30 and city centre makes this property appealing to families, professionals, or investors looking for a project with great potential.

Investment Analysis

(EX2 area)

Above Market Value

This property is priced +25.2% above area average per sq ft

+25.2%
This Property
£437/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£228,486
10% above area average per sq ft
Potential ROI
-23.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Parkway, Exeter, EX2
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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
£952
Based on a loan of £195,000 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