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Falkland Close, Exeter, EX4

South West

£200,000
Listed on 10/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
726 sqft

Description

This two-bedroom terraced house presents a valuable renovation project in a desirable location just a short distance from Exeter city centre. Ideal for both homeowners and investors, the property benefits from its proximity to public transport and the University of Exeter, making it well-suited for city living. The house is in need of comprehensive refurbishment, providing a blank canvas for those looking to personalize their space. Currently, it offers only one gas heater located in the living room, indicating that a full heating system may be necessary. The layout offers opportunities for reconfiguration similar to successful modifications observed in nearby properties, allowing future owners to craft a home that meets their unique needs. The accommodation features a ground floor with an expansive living and dining area along with a kitchen that has access to the garden through French doors. Upstairs, you'll find two bedrooms, including a generously sized double room, as well as the family bathroom and garage access on the first floor. Outside, the enclosed rear garden adds further potential for enhancement or landscaping. With significant scope for improvement and development in this vibrant area of Exeter, this property is an exceptional prospect for those ready to invest time and resources into creating something special.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -17.8% below area average per sq ft

-17.8%
Potential saving
This Property
£275/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£333
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£267,491
10% above area average per sq ft
Potential ROI
+7.0%
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

Falkland Close, Exeter, EX4
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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
£721
Based on a loan of £150,000 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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