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Heavitree Road, Exeter, Devon, EX1

South West

£700,000

Listed on 25/06/2026

Property details

Bedrooms
6
Type
Detached
Area
5498 sqft

Description

This extensive detached property presents an exceptional opportunity for those looking to invest in a comprehensive refurbishment or redevelopment project, pending necessary approvals. Set on a generous plot of approximately 0.37 acres, this property boasts around 5,500 sq ft of internal space that is ripe for transformation. Currently requiring substantial modernisation, its considerable size and prime location within the Mont Le Grand Conservation Area near Exeter city centre make it particularly appealing for potential buyers or developers. There exists an ongoing planning application aimed at converting the property into nine residential flats, along with plans for refurbishment and extensions; though approval has yet to be secured, future owners may adapt the proposal to suit their vision. This property also benefits from being close to a variety of local amenities within walking distance and is well-connected via public transport and major road networks, enhancing its investment potential significantly. With multiple educational institutions nearby and excellent leisure facilities, this is an ideal setting for either a residential project or a profitable development venture.

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Investment analysis

(EX1 area)

Below Market Value

This property is priced -62.7% below area average per sq ft

-62.7%
Potential saving
This Property
£127/sq ft
Area Average
£342/sq ft
Avg Rent (weekly)
£303
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£2,066,836
10% above area average per sq ft
Potential ROI
+106.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX1)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -4.3%
5 year growth: +6.6%
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

Heavitree Road, Exeter, Devon, EX1
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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
£2,645
Based on a loan of £525,000 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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