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Ide Lane, Alphington, Exeter, EX2

South West

£550,000

Listed on 19/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1196 sqft

Description

This distinctive detached bungalow sits on a substantial plot with a private driveway, offering considerable parking space and a sizable mature garden at the rear. Located in a convenient area with easy access to local amenities, this property presents an excellent renovation opportunity. The well-proportioned layout includes three spacious bedrooms, an entrance porch, a welcoming reception hall, and a light-filled lounge/dining area that opens onto the garden. The kitchen is functional but could benefit from modernisation to enhance its appeal. Additionally, there are two bathrooms—a family bathroom and a separate shower room—both of which may require updates to meet contemporary standards. The property is equipped with gas central heating and uPVC double glazing, yet there remains great potential for extensions or alterations (subject to necessary permissions) to further maximise its value. With no onward chain, this bungalow invites investors or buyers looking to create their ideal home in a desirable residential setting.

Investment Analysis

(EX2 area)

Above Market Value

This property is priced +32.3% above area average per sq ft

+32.3%
This Property
£460/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£305
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£457,303
10% above area average per sq ft
Potential ROI
-23.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -9.4%
5 year growth: +4.8%
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

Ide Lane, Alphington, Exeter, EX2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,962
Based on a loan of £412,500 over 30 years at 3.97% 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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