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Priory Gardens, Exeter

South West

£375,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
825 sqft

Description

This three-bedroom mid-terrace townhouse, strategically located in the centre of Exeter, presents a unique opportunity for renovation and investment. Overlooking the historic St Nicholas Priory, this property is ideally situated for access to a variety of local amenities including shops, restaurants, and cultural sites, perfect for those who appreciate city living. The home spans three floors and boasts well-distributed living spaces. Although it's currently in reasonable condition, there is significant potential to modernize and personalize the interiors according to buyer preferences. Highlights include a spacious rear living area with direct access to an enclosed courtyard garden, which offers an ideal setting for outdoor relaxation. Additionally, it comes with the rare benefit of an off-road parking space in such a central location. The first floor hosts two bedrooms and a family bathroom, while the upper floor accommodates another double bedroom along with loft storage access. With some updates, this property could transform into a desirable city residence or lucrative rental opportunity.

Investment Analysis

(EX4 area)

Above Market Value

This property is priced +37.4% above area average per sq ft

+37.4%
This Property
£455/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£299
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£300,201
10% above area average per sq ft
Potential ROI
-26.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -2.0%
5 year growth: +10.6%
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

Priory Gardens, 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
£1,328
Based on a loan of £281,250 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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