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Pump Street, Exeter EX5

South West

£550,000

Listed on 08/06/2026

Property Details

Bedrooms
N/A
Type
Land
Area
2238 sqft

Description

This unique opportunity consists of two adjacent plots in the picturesque Devon countryside, each with distinct development potential. Set in a desirable location, these plots provide an ideal balance between peaceful rural living and convenient access to nearby towns and transport links. Plot 1 offers a full planning permission for converting an existing barn into a charming residential dwelling. With established power and drainage connections, this site is well-prepared for development, minimizing initial infrastructure expenses and allowing for a characterful home that embraces its countryside surroundings. Plot 2 comes with planning permission for the demolition of the current structure and the construction of a modern 3 or 4-bedroom detached house. This presents a straightforward self-build opportunity that appeals to those looking to create a contemporary residence in this idyllic location. For investors or developers, acquiring both plots together maximizes the potential value of your venture, providing flexibility for various building schemes in this sought-after rural setting.

Investment Analysis

(EX5 area)

Below Market Value

This property is priced -26.3% below area average per sq ft

-26.3%
Potential saving
This Property
£246/sq ft
Area Average
£334/sq ft
Avg Rent (weekly)
£289
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£821,010
10% above area average per sq ft
Potential ROI
-3.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -3.8%
5 year growth: +3.6%
Investment Disclaimer: Analysis based on EX5 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

Pump Street, Exeter EX5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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