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Union Road, Exeter

South West

£400,000

Listed on 11/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1600 sqft

Description

Located in the historic cathedral city of Exeter, this three-bedroom chalet bungalow presents a promising investment opportunity on a generous plot. With significant off-road parking and an expansive garden, the property is perfectly positioned for families or those seeking to renovate and personalize their living space in a sought-after area. Upon entering, you’re welcomed into a bright hallway that leads to an open-plan kitchen/dining room designed for family gatherings and entertaining, featuring ample units and workspace, complemented by dual-aspect windows that bathe the area in light. The spacious living room is another key feature of this home, offering a fireplace and French doors that connect seamlessly to the sunlit rear garden. The ground level also has two well-sized bedrooms alongside a functional family shower room. Upstairs, the principal bedroom benefits from built-in storage and a walk-in wardrobe/dressing area, plus another shower room for added convenience. Outside, the rear garden is low-maintenance with paving and a small lawn, perfect for relaxation or outdoor activities. A newly installed gas combi boiler and some roof updates highlight recent improvements; however, the property still requires modernisation and cosmetic enhancements, providing a blank canvas for new owners to infuse their style. With no onward chain, this rare find combines substantial living space with outdoor potential in Exeter's desirable locale.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£250/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£288
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£578,072
10% above area average per sq ft
Potential ROI
+31.4%
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
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -1.7%
5 year growth: +10.6%
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

Union Road, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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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