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Falkland Close, Exeter EX4 - Image 1
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Falkland Close, Exeter EX4

South West

£200,000
Listed on 24/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
726 sqft

Description

This two-bedroom terraced house presents a significant renovation opportunity, ideally situated just minutes from the heart of Exeter. Its prime location appeals to both homeowners and investors, thanks to easy access to public transport and proximity to the University of Exeter. Currently requiring comprehensive renovations, this property allows new owners to fully customize their living space. With only an individual gas heater in the living room for heating, there is ample scope for modernizing and potentially reconfiguring the layout to enhance functionality as demonstrated by successful alterations in neighboring homes. The ground floor features a spacious living and dining area with French doors leading out to a private garden, along with a kitchen accessible via separate entry. The first floor accommodates the family bathroom alongside two bedrooms—one offering generous dimensions suitable for various arrangements. Further enhancing its appeal is a well-sized enclosed rear garden that includes useful access points. Notably free of any building restrictions or historical issues, this property stands as a rare chance to develop a bespoke home in a thriving community.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£275/sq ft
Area Average
£333/sq ft
Avg Rent (weekly)
£321
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£265,614
10% above area average per sq ft
Potential ROI
-5.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -0.9%
5 year growth: +14.6%
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

Falkland Close, Exeter EX4
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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
£721
Based on a loan of £150,000 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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