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Mandrake Road, Alphington, Exeter EX2 - Image 1
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Mandrake Road, Alphington, Exeter EX2

South West

£150,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
883 sqft

Description

This spacious three-bedroom residence presents an excellent opportunity for renovation and investment. Featuring an inviting entrance hall that leads to a lounge with front-facing uPVC double-glazed windows, this property offers a large open-plan kitchen/diner that overlooks the expansive rear garden. The first floor comprises three well-sized bedrooms and a family bathroom, along with a separate cloakroom, providing ample space for reconfiguration. Notably, the property includes a large rear garden which can be enhanced or developed further, subject to planning permissions. Ideal for buyers seeking projects with potential, this home is located in a highly sought-after residential area close to local amenities such as schools and supermarkets, with convenient access to Marsh Barton Industrial Estate and transport links to Exeter City Centre. Suitable particularly for cash buyers, this property comes with no onward chain.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -51.1% below area average per sq ft

-51.1%
Potential saving
This Property
£170/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£337,284
10% above area average per sq ft
Potential ROI
+64.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by -5.2% over the last 12 months
3 year growth: -8.4%
5 year growth: +5.9%
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

Mandrake Road, Alphington, 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
£541
Based on a loan of £112,500 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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