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Longdown, Exeter

South West

£275,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1104 sqft

Description

Nestled in the charming village of Longdown, this two-bedroom bungalow represents an enticing opportunity for those looking to invest in a renovation project. Set on approximately 0.81 acres of generous gardens, the property boasts stunning rural views that can be enhanced through thoughtful updates. The layout features a central hallway leading to versatile living spaces, including a light-filled sitting room with a bay window and built-in storage, which could be revitalized into a welcoming gathering space. A flexible room adjacent to the sitting area can function as a second bedroom or additional reception space, catering to various needs. The property also includes a dining room with ample storage options, flowing into the kitchen that requires modernization but offers good potential for reconfiguration and improvement. An inner hallway leads to a modest family bathroom and separate WC, both of which can be updated for modern convenience. Outside, the grounds provide plenty of opportunity for landscaping and gardening enthusiasts, plus a detached garage enhances practical aspects of ownership. With easy access to local amenities in nearby Exeter and scenic Dartmoor just five miles away, Ranchi is well-positioned for transformation into a bespoke home that reflects personal tastes and modern comforts.

Investment Analysis

(EX6 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£249/sq ft
Area Average
£350/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£425,586
10% above area average per sq ft
Potential ROI
+30.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX6)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -10.5%
5 year growth: +2.7%
Investment Disclaimer: Analysis based on EX6 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

Longdown, Exeter
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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
£974
Based on a loan of £206,250 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.

Stamp Duty Calculator

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