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Alphington Street, Exeter

South West

£350,000

Listed on 07/07/2026

Property details

Bedrooms
8
Type
Terraced
Area
2050 sqft

Description

This property presents a promising opportunity for investors looking to create a tailored HMO, already stripped to its essentials and awaiting your renovation vision. Situated on Alphington Street, the spacious layout offers the potential for up to eight rental units, including an appealing garden flat on the ground floor. Alternatively, reconfiguring the space could yield five larger self-contained apartments, both options boasting the potential for substantial rental income and return on investment. Positioned conveniently for easy access to the city, residents will benefit from nearby amenities and proximity to Marsh Barton employment area. Driving routes to major roads such as the M5 and A30/A38 are also readily accessible, ensuring great appeal for future tenants. The property is currently without heating but connected to mains water and drainage. It falls under Exeter City Council jurisdiction with an Energy Efficiency Rating of E. The locality supports various broadband services enabling speeds of up to 1000Mbps, alongside solid mobile network coverage from leading providers.

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Investment analysis

(EX2 area)

Below Market Value

This property is priced -50.6% below area average per sq ft

-50.6%
Potential saving
This Property
£171/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£779,215
10% above area average per sq ft
Potential ROI
+73.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -7.5%
5 year growth: +7.0%
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 Street, 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
£1,322
Based on a loan of £262,500 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.

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