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Rifford Road, Exeter

South West

£70,000
Listed on 28/04/2026

Property Details

Bedrooms
1
Type
Flat
Area
518 sqft

Description

This one-bedroom flat on the second floor presents a significant opportunity for renovation enthusiasts or investors. Located in a convenient area of Exeter, the property features a central hallway that leads to a spacious living room, a separate kitchen with ample space for essential appliances, a double bedroom, and a bathroom that retains its original fittings. While the flat requires modernisation throughout, it offers great potential to enhance its appeal and value. Communal green areas surrounding the property add to its attractiveness, and permit parking is available nearby. This flat is not only ideal for creating a comfortable residence but also serves as an excellent project for those looking to invest and capitalize on improvements in this growing area.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -61.4% below area average per sq ft

-61.4%
Potential saving
This Property
£135/sq ft
Area Average
£350/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£199,345
10% above area average per sq ft
Potential ROI
+109.8%
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

Rifford Road, 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
£248
Based on a loan of £52,500 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.

Stamp Duty Calculator

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