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See how verdicts work3-bedroom terraced house · EX1 2EG
For saleListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A beautifully proportioned and characterful three-bedroom period townhouse situated in one of Exeter's most sought-after central residential locations, just moments from the City Centre, the Royal Devon & Exeter Hospital, and the University of Exeter's St Luke's Campus.
Arranged over three spacious floors, this attractive terraced home offers versatile and well-balanced accommodation ideally suited to families, professional couples, healthcare professionals, academics, investors, and those seeking a vibrant city lifestyle within walking distance of Exeter's outstanding amenities.
The ground floor comprises an inviting entrance hallway leading to a generous living room, a separate dining room perfect for entertaining, and an extended kitchen positioned to the rear of the property, creating an excellent social and family space with direct access to the garden.
The first floor offers two well-proportioned double bedrooms together with a convenient separate WC.
Occupying the entire top floor is a superb principal bedroom suite, benefiting from a useful storage cupboard and a spacious family bathroom featuring both a bath and separate shower, creating a private retreat away from the rest of the accommodation.
A particularly attractive feature of the property is the existing planning permission granted by the sellers, providing an exciting opportunity to further enhance and extend the accommodation.
The approved plans allow for a two-metre single-storey extension to the rear, creating additional ground-floor space, together with the extension of the existing first-floor WC to form a full-sized bathroom, with provision for an additional room to the rear.
This offers considerable scope for future buyers to increase the property's living accommodation and functionality, subject to the relevant planning permissions and conditions.
Outside, the property enjoys an enclosed rear garden, providing a private outdoor space for relaxing, entertaining and family enjoyment.
Residents' permit parking is available on-street to the front of the property. Location is undoubtedly one of this home's greatest assets.
Portland Street lies within the highly desirable Newtown and St Leonard's district, renowned for its blend of period architecture, excellent amenities and exceptional convenience.
Exeter City Centre is within easy walking distance, offering an extensive range of independent boutiques, cafés, restaurants, bars, leisure facilities and high street retailers including Princesshay Shopping Centre, John Lewis, Next, Zara, Marks & Spencer and Waterstones.
The property is exceptionally well positioned for healthcare professionals, being within close proximity of Heavitree Hospital and the Royal Devon & Exeter Hospital (Wonford).
It is also ideally located for students, lecturers and university staff, with the University of Exeter St Luke's Campus just a short walk away and the main Streatham Campus easily accessible.
Families will appreciate the excellent educational provision nearby, including Newtown Primary School, Ladysmith Infant & Nursery School, Ladysmith Junior School, St Sidwell's Church of England Primary School, The Maynard School, Exeter School and Exeter College.
For everyday shopping, residents are spoilt for choice with Waitrose, Tesco Express, Co-op Food, Morrisons Daily and numerous independent convenience stores all within easy reach.
The nearby Magdalen Road shopping quarter offers an excellent selection of independent cafés, delicatessens, artisan bakeries, speciality food shops and local businesses, while Sidwell Street provides further retail and dining options.
Transport connections are excellent.
Exeter Central Station, St James Park Station, Polsloe Bridge Station and Exeter St David's Station are all readily accessible, providing regular rail services to London Paddington, Bristol, Plymouth and beyond.
Frequent bus services operate nearby along Heavitree Road and into the City Centre, University campuses and surrounding areas.
The M5 motorway, A30 and A38 are all within convenient reach for commuters, while Exeter International Airport offers both domestic and international connections.
Offering generous accommodation, an enviable location and the added benefit of planning permission for further extension and enhancement, this is a rare opportunity to acquire a substantial city townhouse with excellent potential for future improvement.
Perfectly positioned for access to Exeter's key employment, education and leisure destinations, the property represents an exciting opportunity for a wide range of buyers in one of Exeter's most consistently desirable and highly regarded residential areas.
Early viewing is strongly recommended. Please Note: By law, we are required to conduct anti-money laundering checks on all potential buyers and we take this responsibility very seriously.
If your offer to purchase a property is accepted (subject to contract), you will need to satisfy the requirements set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To comply with these obligations, we work with an independent third-party provider, Coadjute, to complete id verification, aml checks, and source of funds checks.
A non-refundable fee of £27 plus VAT (per person) applies for these checks and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
As a regulated Sales Agent, we are required to be part of an approved redress scheme.
We are members of The Property Ombudsman, which is a government-approved scheme providing independent dispute resolution. From time to time, we may introduce buyers or sellers to The Mortgage Quarter.
Use of their services is entirely optional. If you choose to proceed with them, please be aware that we may receive an average referral payment of £200 for the introduction.
Stamp Duty Land Tax (sdlt) may be payable on your purchase.
We advise speaking with your solicitor or legal representative to confirm what, if any, amount is due based on the latest government guidelines.
Council Tax Band: C Tenure: Freehold Living Room 12’2” (3.71m) into recess x 11’10” (3.61m) Dining Room 11’8” (3.56m) x 9’10” (3.0m) into recess. Kitchen 10’4” (3.15m) x 8’4” (2.54m).
Bedroom 1 14’4”(4.37m) excluding wardrobe space x 11’10” (3.61m). Bedroom 2 11’8” (3.56m) x 9’8” (2.95m) into recess. Bedroom 3 11’0” (3.35m) x 10’0” (3.05m) excluding recess (part sloped ceiling).
Bathroom 11’10” (3.61m) x 8’4” (2.54m)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 45 Portland Street, Exeter
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