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4 Pennsylvania Road, Exeter, Devon, EX4 6BQ - Image 1
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4 Pennsylvania Road, Exeter, Devon, EX4 6BQ

South West

£19,000
Listed on 26/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace property presents a significant opportunity for renovation in the vibrant city of Exeter, known for its strong rental market. The property is in need of comprehensive updates throughout, making it an ideal venture for investors or DIY enthusiasts looking to enhance its potential and possibly resell for profit. On the ground floor, there is a lounge area and a kitchen that could benefit from modernisation, while upstairs, you will find two bedrooms and a bathroom awaiting transformation. The enclosed garden at the rear offers outdoor potential as well. Conveniently situated near the city centre, this property provides excellent access to major transport routes such as the A30 and M5, facilitating easy travel across the South West region. Its prime location is likely to draw interest from future tenants or buyers once renovations are complete.

Investment Analysis

(EX4 area)
Area Average
£333/sq ft
Avg Rent (weekly)
£321
Avg Yield
5.6%

Renovation Potential

Heavy 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
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -0.9%
5 year growth: +14.6%
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

4 Pennsylvania Road, Exeter, Devon, EX4 6BQ
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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
£69
Based on a loan of £14,250 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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