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Welcome Street, Exeter, EX2

South West

£300,000
Listed on 12/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

Nestled at the end of a peaceful cul-de-sac, this three-bedroom end of terrace Victorian home offers significant renovation and investment potential. Located conveniently between Haven Banks and St Thomas, it is within walking distance to the charming historic Quayside. The property presents an excellent opportunity for improvements and possible extensions, subject to planning permission. Upon entering, you are greeted by a practical vestibule leading into a hallway with stairs to the upper floor. The fitted kitchen and dining area form the heart of the home, providing a welcoming space for family gatherings, while an adjoining utility room adds convenience. A family bathroom featuring both a bath and shower completes the ground floor layout along with a cozy bay-fronted living room that boasts an attractive fireplace. Upstairs, there are three spacious bedrooms; two feature period fireplaces, adding character and charm, with the main bedroom also showcasing a bay window that enhances natural light. The rear garden is enclosed for privacy and includes side access to off-road parking at the front. This property not only stands out due to its location but also due to its potential for reconfiguration and extension, making it an appealing project for buyers looking to invest in their future.

Investment Analysis

(EX2 area)
Area Average
£347/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Welcome Street, Exeter, EX2
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 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.

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