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Merrymeet, Whitestone, Exeter, Devon

South West

£450,000

Listed on 27/05/2026

Property Details

Bedrooms

Type

Bungalow

Area

1468 sqft

Description

This spacious detached chalet bungalow presents a unique investment opportunity on the outskirts of Exeter, nestled within a well-regarded village. Featuring four bedrooms, the property boasts a substantial fully enclosed rear garden with impressive rural views, creating an ideal setting for potential enhancements. While the interior requires some updating, it holds significant promise for transformation into a modern family home, making it excellent value in today's market.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%

Potential saving

This Property

£307/sq ft

Area Average

£330/sq ft

Avg Rent (weekly)

£284

Avg Yield

5.0%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£25,000 - £40,000

Target Value

£533,449

10% above area average per sq ft

Potential ROI

+8.9%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -1.5% over the last 12 months

3 year growth: -2.1%

5 year growth: +10.4%

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

Merrymeet, Whitestone, Exeter, Devon

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments

£1,605

Based on a loan of £337,500 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.