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Queens Road, Exeter EX2

South West

£525,000
Listed on 22/01/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1717 sqft

Description

This semi-detached property, located on a desirable street in the South West, has been transformed into four individual flats, making it a unique investment opportunity. Each apartment boasts private entrances and outdoor spaces, providing flexibility for potential tenants. The ground floor features two apartments: one with a charming bay window and an en suite bathroom, while the other is well-situated for easy access to communal facilities. The first and second floors host additional apartments—one being a studio layout and the other complete with its own bathroom. Notably, this property offers considerable scope for conversion into a House in Multiple Occupation (HMO), enhancing its rental yield potential. With the garden space at the front presenting an avenue for off-road parking (subject to planning permissions), the possibilities for further development are promising. To fully realize its potential, certain renovations will be beneficial, ensuring compliance with modern rental standards and optimizing living spaces.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -12.1% below area average per sq ft

-12.1%
Potential saving
This Property
£306/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£657,079
10% above area average per sq ft
Potential ROI
+6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -7.9%
5 year growth: +6.5%
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

Queens Road, Exeter EX2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 over 30 years at 4.06% 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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