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Pennsylvania Road, Exeter, Devon, EX4 - Image 1
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Pennsylvania Road, Exeter, Devon, EX4

South West

£145,000
Listed on 08/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
759 sqft

Description

This freehold terraced house represents a remarkable opportunity for cash buyers looking to undertake a full-scale renovation project. The property is in need of considerable modernization throughout, yet features a robust structural foundation and spacious room dimensions that offer significant scope for transformation. It's particularly suited to investors and developers who have the vision to craft a dwelling that meets contemporary standards.<br><br>On the ground floor, you'll find a large living room measuring 4.70m x 4.32m, which can be reimagined as an inviting central gathering space. At the rear, the kitchen (4.32m x 2.34m) presents possibilities for reconfiguration, allowing for an open-plan design that could seamlessly connect with the garden area.<br><br>Upstairs, there are two sizable bedrooms: the first measures 4.27m x 3.18m and the second is 4.27m x 2.62m, both capable of accommodating double beds or providing ample space for single occupancy.<br><br>The rear garden holds additional potential; it could be transformed into a lush outdoor retreat following landscaping efforts.<br><br>This property stands as a blank canvas, inviting those prepared to engage in extensive refurbishment work to realize its full potential and capitalize on value addition upon completion. An excellent choice for seasoned renovators or investors eager to embark on their next project.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -42.6% below area average per sq ft

-42.6%
Potential saving
This Property
£191/sq ft
Area Average
£333/sq ft
Avg Rent (weekly)
£362
Avg Yield
6.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£278,022
10% above area average per sq ft
Potential ROI
+42.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (EX4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: 0.5%
5 year growth: 19.2%
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

Pennsylvania Road, Exeter, Devon, EX4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£531
Based on a loan of £108,750 over 30 years at 4.19% 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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