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New North Road, Exeter

South West

£130,000

Listed on 15/07/2026

Property details

Bedrooms
2
Type
Flat
Area
686 sqft

Description

This two-bedroom apartment, located in the sought-after Julius House development near Exeter city centre, represents a promising opportunity for cash buyers and investors. Offered with no onward chain, the property allows for personalisation and updates to suit individual tastes. Notable features include a south-facing private balcony, ideal for enjoying sunny days, along with an allocated parking space and well-maintained communal gardens enhancing outdoor living. The apartment is accessible via a lift and includes an entrance hallway leading to a spacious living room that seamlessly connects to the balcony. The kitchen currently requires modernisation, equipped with basic wall and base units and space for appliances. There are two generously sized double bedrooms; the principal bedroom boasts an en suite shower room while the main bathroom offers essential facilities. Given the property’s proximity to Exeter's vibrant shops and leisure amenities, it holds significant investment potential for those willing to undertake refurbishment.

Investment analysis

(EX4 area)

Below Market Value

This property is priced -42.1% below area average per sq ft

-42.1%
Potential saving
This Property
£190/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£286
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£247,132
10% above area average per sq ft
Potential ROI
+59.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.1%
5 year growth: +9.8%
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

New North 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
£491
Based on a loan of £97,500 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.

Stamp duty calculator

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