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Alphington, Exeter

South West

£600,000

Listed on 23/05/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
1243 sqft

Description

This detached bungalow, set on an expansive 7.38-acre plot, presents a rare chance for investors or those seeking a project with significant potential in a desirable location near Exeter. The property features its own private lake, extensive grounds, and several outbuildings, making it an ideal candidate for renovation or reconfiguration to suit personal tastes and modern living standards. Located on the outskirts of Alphington, this unique setting provides a rural ambiance while maintaining close access to Exeter’s amenities and major transport links. The existing bungalow is in need of considerable improvement throughout, providing an excellent canvas for enhancement. Noteworthy are the mature trees and peaceful surroundings that enhance the property's appeal. The comprehensive grounds include open land and a small paddock, offering lifestyle possibilities that are rarely found so close to the city. In addition to the main home, useful outbuildings like the wood store, carport, and detached boat house add functionality and charm. This property not only offers a tranquil retreat but also presents exciting scope for development within its vast outdoor space. Given its location and resources, this is an extraordinary opportunity for buyers looking to make their mark on a property with great future potential.

Investment Analysis

(EX2 area)

Above Market Value

This property is priced +38.9% above area average per sq ft

+38.9%
This Property
£483/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£305
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£475,273
10% above area average per sq ft
Potential ROI
-36.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -9.4%
5 year growth: +4.8%
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

Alphington, 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
£2,141
Based on a loan of £450,000 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.

Stamp Duty Calculator

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