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St Leonards, Exeter

South West

£325,000
Listed on 04/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
919 sqft

Description

This three-bedroom terraced house is presented with no onward chain, making it a prime candidate for buyers interested in a renovation project. The property is in need of comprehensive refurbishment, offering ample opportunity to enhance its value and transform it into an ideal family home or investment property. The ground floor features an open-plan lounge and dining room, which provides a versatile space that could be reconfigured for modern living; there’s also a separate kitchen that will require updating. At the rear lies the family bathroom, which needs complete replacement and modernization to bring it to contemporary standards. Upstairs, there are three well-sized bedrooms situated on the first floor, providing decent accommodation options. Externally, the property has an enclosed rear courtyard suitable for outdoor use and benefits from residents’ parking. Located in the desirable area of St Leonards, it is conveniently close to local amenities including shops on Magdalen Road and scenic walks along Exeter Quayside. The city centre and mainline station are easily accessible, enhancing its appeal as a renovation prospect. This property is perfectly suited for investors or developers eager to create something special within an established community.

Investment Analysis

(EX2 area)

Above Market Value

This property is priced +1.8% above area average per sq ft

+1.8%
This Property
£354/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£351,035
10% above area average per sq ft
Potential ROI
-6.4%
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
23%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -5.2% over the last 12 months
3 year growth: -8.4%
5 year growth: +5.9%
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

St Leonards, 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
£1,172
Based on a loan of £243,750 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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