Worst House on the Street Logo
St Leonards, Exeter EX2 - Image 1
St Leonards, Exeter EX2 - Image 2
St Leonards, Exeter EX2 - Image 3

St Leonards, Exeter EX2

South West

£325,000
Listed on 24/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
919 sqft

Description

This three-bedroom terraced house is being presented to the market with no onward chain, offering a substantial opportunity for those interested in renovation and property investment. While the property requires comprehensive refurbishment throughout, it features ample living space that can be transformed into an inviting family home or a lucrative rental investment. The ground floor consists of an open-plan lounge and dining area that provides flexibility in design, alongside a separate kitchen that holds potential for modernisation. At the rear, the family bathroom is in need of complete replacement and updating, allowing buyers to create a contemporary look tailored to their preferences. Upstairs, you will find three generously sized bedrooms that can be optimised to suit various layouts. Outside, the property includes a private courtyard as well as designated residents’ parking. Located on East Grove Road in St Leonards, a desirable residential area of Exeter, this property benefits from close proximity to local shops on Magdalen Road and the picturesque Exeter Quayside with its walking paths and cafes. The city centre with its shopping amenities and Exeter St David's mainline station are also within easy reach. This setting is ideal for investors or buyers ready to undertake a renovation project and realise significant potential. Early viewings are encouraged to fully appreciate what this property has to offer.

Investment Analysis

(EX2 area)

Above Market Value

This property is priced +1.8% above area average per sq ft

+1.8%
This Property
£354/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£351,035
10% above area average per sq ft
Potential ROI
-7.6%
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

St Leonards, Exeter EX2
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,172
Based on a loan of £243,750 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates