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New North Road, Exeter EX4

South West

£450,000
Listed on 27/04/2026

Property Details

Bedrooms
7
Type
Terraced
Area
1805 sqft

Description

This is a notable Grade II listed Georgian terraced property that has not been available for many years. Previously utilized as a dental practice, it stands vacant now and presents a remarkable opportunity for renovation, located conveniently just minutes from Exeter's city centre and Central Station. The building spans four floors, providing an adaptable layout suitable for conversion into a spacious family home or multiple separate units (subject to necessary permissions). With its characterful architecture at the forefront of Exeter, this property is essentially a blank canvas ripe for transformation. The ground floor features potential living areas and a kitchen space, alongside W/C facilities, while the upper floors are configured with bedrooms and additional bathrooms. Notably, the top floor includes a kitchen and further bedroom with limited headroom. To the rear lies a modest courtyard leading to shared parking and garage facilities. This property comes with no onward chain, making it an attractive prospect for cash buyers looking to invest in an area with significant potential.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£249/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£299
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£656,803
10% above area average per sq ft
Potential ROI
-6.2%
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
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -2.0%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on EX4 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

New North Road, Exeter EX4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,594
Based on a loan of £337,500 over 30 years at 3.91% 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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