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Union Road, Exeter EX4

South West

£400,000

Listed on 17/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1600 sqft

Description

This substantial three-bedroom chalet bungalow is situated in the historic city of Exeter, offering a unique chance for buyers interested in a property with significant renovation potential. Spanning a generous plot and providing ample off-road parking, this home is perfectly suited for families, downsizers, or investors looking to enhance a well-maintained residence in a desirable area. Upon entry, you are greeted by a bright hallway leading to various living spaces and an ascending staircase to the upper floor. The heart of the home is the spacious kitchen/dining area, featuring numerous fitted units and extensive worktop space, with enough room for a full dining table. The dual-aspect windows flood this area with natural light while offering pleasant views of the garden beyond. The living room is another expansive area that connects seamlessly with both the kitchen and hallway. It boasts a cozy fireplace and French doors that open onto the sunny rear garden, blurring the lines between indoor comfort and outdoor relaxation. The ground floor accommodates two well-sized bedrooms filled with natural light and a family shower room equipped with essential amenities. Moving upstairs reveals an impressive principal bedroom suite complete with built-in storage and a walk-in wardrobe/dressing area. A second shower room serves this floor, ensuring convenience for occupants. Externally, the property showcases an expansive rear garden designed for low maintenance, highlighted by extensive paving alongside lush lawned areas, mature trees, and features such as water butts and a greenhouse—a perfect environment for entertaining or unwinding outdoors. The front offers generous driveway space for approximately five vehicles. While the property has been lovingly maintained over the years—with recent updates like a new gas combi boiler—it presents an exciting opportunity for modernisation and personalisation. Buyers can tailor its features to suit individual tastes while enjoying no onward chain in their purchase process. This unique combination of spacious living areas, impressive outdoor space, and an attractive location makes early viewing highly advisable.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£250/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£288
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£578,072
10% above area average per sq ft
Potential ROI
+29.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -1.7%
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

Union Road, Exeter EX4
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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
£1,511
Based on a loan of £300,000 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

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