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Knowle Drive, Exwick, Exeter EX4 - Image 1
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Knowle Drive, Exwick, Exeter EX4

South West

£230,000
Listed on 22/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
765 sqft

Description

This semi-detached bungalow presents a valuable opportunity for those interested in renovation and investment potential. Nestled in a well-established residential area, the property enjoys convenient access to local amenities, with public transport options available to Exeter city center and St Davids mainline railway station within easy reach. The accommodation includes two generously sized double bedrooms and a bathroom, offering a functional layout that could benefit from modernization. The entrance vestibule leads into a lounge/dining room featuring a tiled fireplace with a gas fire, creating a cozy focal point. A practical inner hallway provides access to the kitchen, which is fitted with essential appliances and offers potential for an updated design. Outside, the property features an enclosed rear garden that combines patio areas with low-maintenance stone chippings. Maturing shrubs and plants add character to the space, while side access leads to a driveway suitable for smaller vehicles and a garage equipped with power and lighting. The home benefits from UPVC double glazing and heating via gas and electric systems. Given its structural integrity and desirable location, this bungalow has significant potential for enhancement through renovation. Whether looking to create a personalized living space or seeking to invest in a property with promising value appreciation prospects, this bungalow represents an inviting canvas awaiting your vision. This freehold property is offered without onward chain, making it an attractive option for buyers ready to make their mark on their next home or investment project. Viewing is encouraged to fully grasp the possibilities this property holds.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -10.9% below area average per sq ft

-10.9%
Potential saving
This Property
£301/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Target Value
£284,006
10% above area average per sq ft
Potential ROI
-1.2%
After renovation
Monthly Sales
49
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 4.0%
5 year growth: 22.3%
Investment Disclaimer: Analysis based on EX4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Knowle Drive, Exwick, Exeter EX4
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