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Polsloe Road, Exeter

South West

£280,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1319 sqft

Description

This impressive period property has been configured into two self-contained flats, each occupying a floor of the mid-terraced structure. Currently in need of comprehensive refurbishment, it presents a remarkable investment opportunity for those looking to enhance its value or revert it back to a single-family home, pending appropriate planning approvals. The ground floor flat comprises essential living spaces with a reception area, kitchen, bedroom, and bathroom, while the first floor offers additional living accommodations with a kitchen/dining area, sitting room, two bedrooms, and a bathroom. Nestled between the desirable neighborhoods of Heavitree and St Leonards, this location not only benefits from nearby amenities—including a Waitrose supermarket—but also boasts excellent transport links to Exeter city centre and major roadways like the M5 and A30. As an established residential area appealing to families and investors alike, this property is set within close proximity to esteemed schools and green spaces that enhance urban living. Outside, the property features both a small enclosed front garden and a low-maintenance rear courtyard garden accessible via a service lane. Offered with no onward chain, this property provides an exceptional platform for renovation seekers looking to capitalize on its potential.

Investment Analysis

(EX1 area)

Below Market Value

This property is priced -37.8% below area average per sq ft

-37.8%
Potential saving
This Property
£212/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£313
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£495,410
10% above area average per sq ft
Potential ROI
+33.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (EX1)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -4.5%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on EX1 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

Polsloe Road, 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
£1,010
Based on a loan of £210,000 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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