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Athelstan Road, St Leonards, EXETER

South West

£550,000

Listed on 23/05/2026

Property Details

Bedrooms
6
Type
Terraced
Area
1829 sqft

Description

This impressive six-bedroom Victorian townhouse presents a unique opportunity for those looking to invest in a property with remarkable renovation potential located in St Leonard’s, one of Exeter's most desirable residential areas. The property features classic architectural elements such as high ceilings and large bay windows, providing a sense of grandeur that can be enhanced through thoughtful updates. With ample space spread across three floors, this home is perfect for families or investors seeking a long-term rental property in an area with consistently high demand. While the interior currently requires modernisation, it offers a blank canvas for creating a contemporary living environment while preserving its period charm. The expansive rear courtyard garden invites transformation into an outdoor entertaining space or tranquil retreat, suitable for urban living. St Leonard’s is renowned for its picturesque streets and proximity to local amenities including independent shops and eateries on Magdalen Road, as well as being within walking distance to Exeter city centre and the scenic River Exe. The property is also conveniently located near excellent schools, healthcare facilities, and has superb transport links to the wider region. This townhouse not only offers considerable potential but also makes for an attractive investment with its prime location and spacious layout.

Investment Analysis

(EX1 area)

Below Market Value

This property is priced -11.6% below area average per sq ft

-11.6%
Potential saving
This Property
£301/sq ft
Area Average
£340/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£684,046
10% above area average per sq ft
Potential ROI
+8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -5.5%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on EX1 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

Athelstan Road, St Leonards, EXETER
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,962
Based on a loan of £412,500 over 30 years at 3.97% 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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