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Cowley, Exeter

South West

£595,000
Listed on 18/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1992 sqft

Description

This five-bedroom farmhouse, nestled on the outskirts of Exeter, presents an excellent opportunity for renovation and extension. With its desirable south-facing gardens and scenic views of the surrounding Devon countryside, it stands on a plot of approximately 0.7 acres, making it a prime candidate for investment. The property comes with planning permission for a two-storey extension and a detached car port/home office, allowing for expansion that can significantly enhance both living space and value. Inside, the spacious entrance hall leads to a sizeable sitting room and a dual-aspect dining room, both featuring traditional fireplaces. The kitchen offers delightful views over the garden and countryside, while upstairs hosts four doubles and one single bedroom along with a family bathroom. With some modernisation needed throughout the home, this property offers buyers the chance to realise their vision in a tranquil setting while still being conveniently close to Exeter’s city centre and transport links.

Investment Analysis

(EX5 area)

Below Market Value

This property is priced -10.4% below area average per sq ft

-10.4%
Potential saving
This Property
£299/sq ft
Area Average
£333/sq ft
Avg Rent (weekly)
£272
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£730,217
10% above area average per sq ft
Potential ROI
+5.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -0.5%
5 year growth: +9.2%
Investment Disclaimer: Analysis based on EX5 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

Cowley, 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
£2,146
Based on a loan of £446,250 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.

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