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Elaine Close, Exeter

South West

£230,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
771 sqft

Description

This three-bedroom terraced house, situated in a peaceful residential cul-de-sac, offers a promising opportunity for those eager to infuse their personal touch into a property. While it requires some modernisation, the home's layout provides ample potential for enhancement or reconfiguration to meet contemporary lifestyle demands, with the possibility of extending (subject to necessary permissions). The spacious rooms are well-proportioned, catering to first-time buyers, families, or investors seeking a transformative project. Outside, the private garden awaits your landscaping ideas, further adding to its appeal. Conveniently located near local amenities, schools, and transport options, this property is ripe for renovation and could evolve into an ideal long-term residence or an attractive investment.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -10.9% below area average per sq ft

-10.9%
Potential saving
This Property
£298/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£333
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£284,071
10% above area average per sq ft
Potential ROI
+5.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -0.4%
5 year growth: 15.9%
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

Elaine Close, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£830
Based on a loan of £172,500 over 30 years at 4.06% 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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