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Plumtree Drive, Exeter, EX2 5

South West

£310,000
Listed on 07/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1146 sqft

Description

This three-bedroom semi-detached house in a sought-after Exeter neighbourhood presents an excellent investment opportunity for those looking to enhance a property with good potential. The home's location offers easy access to the city centre and local amenities, making it appealing to families and professionals alike. Covering around 965 sq ft, the internal layout features a spacious reception room, a separate dining area, and a kitchen, complemented by a conservatory that opens up to the rear garden – perfect for additional living space or projects. Upstairs, you'll find two double bedrooms and one single bedroom, along with a family bathroom. This setup is well-suited for occupancy by families or sharers, ensuring steady rental demand. The tiered rear garden includes patio space and a sizeable outbuilding which is ripe for conversion into an office or additional living quarters (subject to consent). Off-road parking at the front adds further appeal and convenience. With some refurbishment efforts focused on updating the interiors and optimizing the external spaces, this property can significantly increase its rental income potential and capital value over time.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -22.7% below area average per sq ft

-22.7%
Potential saving
This Property
£271/sq ft
Area Average
£350/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£441,021
10% above area average per sq ft
Potential ROI
+27.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -8.7%
5 year growth: +3.8%
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

Plumtree Drive, Exeter, EX2 5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,098
Based on a loan of £232,500 over 30 years at 3.91% 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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