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Cheriton Bishop, Exeter

South West

£320,000

Listed on 15/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1326 sqft

Description

This three-bedroom semi-detached bungalow presents a unique opportunity for refurbishment, featuring an integral garage and generous off-street parking. Located on the edge of the charming village of Cheriton Bishop, this property provides a tranquil setting while remaining conveniently close to local amenities in surrounding villages. The property is set back from the road, ensuring privacy, with a well-maintained garden that benefits from both raised terraces and lower lawned areas surrounded by mature shrubs. Internally, the layout includes a spacious sitting room complete with an open fireplace and direct access to the garden through patio doors. The kitchen is galley-style and connects to a utility room with internal access to the garage. There is also a separate dining room and a versatile ground floor bedroom or snug alongside a shower room. On the first floor, you'll find two additional bedrooms, one featuring an en suite shower room. This property requires modernisation throughout, making it an ideal canvas for buyers looking to create their dream family home tailored to personal tastes. With well-proportioned living spaces set in a desirable location, No. 2 Springfield Park holds abundant potential for transformation into a stylish residence for those seeking both rural charm and modern convenience.

Investment Analysis

(EX6 area)

Below Market Value

This property is priced -31.5% below area average per sq ft

-31.5%
Potential saving
This Property
£241/sq ft
Area Average
£352/sq ft
Avg Rent (weekly)
£271
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£513,573
10% above area average per sq ft
Potential ROI
+38.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX6)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -10.3%
5 year growth: +1.6%
Investment Disclaimer: Analysis based on EX6 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

Cheriton Bishop, 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
£1,209
Based on a loan of £240,000 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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