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Chancellors Way, Exeter, Devon, EX4 - Image 1
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Chancellors Way, Exeter, Devon, EX4

South West

£190,000Guide Price

Listed on 09/10/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
750 sqft

Description

Located in the desirable Beacon Heath area, this three-bedroom terraced house offers an exciting opportunity for those looking to invest in a property with significant potential. The home is in need of modernisation and repairs, making it an ideal project for first-time buyers or investors eager to add value. With well-proportioned accommodation, this property serves as a blank canvas for refurbishment. The right improvements could transform it into a comfortable family home or a valuable investment. Externally, the property features on-street parking along with both front and rear gardens, providing useful outdoor space with ample scope for landscaping and entertaining. Early viewing is highly recommended to appreciate the potential this property holds. Opportunities like this are rare at this price point, so interested buyers should arrange a viewing without delay. This property is offered at auction, meaning the buyer and seller are to complete within 56 days. A Buyer Information Pack is available, and a non-refundable Reservation Fee will be required to reserve the property during the Reservation Period.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

60out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This three-bedroom terraced house in Beacon Heath presents an exciting opportunity for buyers looking to add value through refurbishment. With an asking price of £190,000, which is significantly below the local average of £328/sqf, this property is a rare find for those seeking a project. The home features dated interiors throughout, with the living areas, bedrooms, and kitchen all requiring modernisation. The garden is overgrown and in need of landscaping, offering further potential to create a pleasant outdoor space.

Despite the necessary updates, this property offers a well-proportioned layout and a blank canvas for buyers to create a modern family home or a worthwhile investment. The overall condition, while needing attention, allows for a variety of renovation possibilities that can enhance both the aesthetic and market value of the home. With the right improvements, this property could be transformed into a comfortable and appealing residence, making it a compelling prospect for both investors and first-time buyers alike.

Key opportunities

  • Significantly below average local market value, presenting an opportunity to acquire at a lower cost.
  • Dated interiors allow for a complete refurbishment, offering buyers the chance to modernise and personalise the property.
  • Overgrown garden provides scope for landscaping and outdoor improvements.

Key risks

  • General wear and dated decor throughout may necessitate extensive redecoration.
  • Some areas may show signs of damp or other wear that will need to be addressed during renovation.

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Map

Location

Chancellors Way, Exeter, Devon, EX4
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 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.

Tax

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Indicative tax based on the asking price and the options you select.

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