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Elaine Close, Exeter EX4

South West

£220,000
Listed on 10/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
771 sqft

Description

Nestled in a tranquil residential cul-de-sac, this three-bedroom terraced property holds significant potential for those eager to craft a space tailored to their preferences. While the home requires some modernisation, it is primed for thoughtful updates and enhancements (subject to planning permissions) that could transform it into a highly desirable residence or investment opportunity. The interior features spacious rooms that can be reconfigured to meet contemporary living demands, while the outdoor area presents an exciting canvas for landscaping or additional development. This property is conveniently located near local shops, schools, and transport links, making it an appealing choice for first-time buyers, families, or savvy investors looking to unlock its full value.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£285/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£299
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£280,551
10% above area average per sq ft
Potential ROI
+7.9%
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

Elaine Close, 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
£779
Based on a loan of £165,000 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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