3-bedroom detached house · EX2 4EN
Sold STCListed 276 days
Opportunity summary
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About
Description Situated in the heart of one of Exeter’s most prestigious locations, the property is a rare opportunity to create a home or an office/commercial use (subject to obtaining the relevant planning consent).
The property is currently approached by a footpath leading to a raised entrance area and a front door opening into a wide and incredibly light entrance hall.
On the ground floor, there are two large reception rooms which have most recently be used as classrooms/nursery rooms, a small service kitchen area, ground floor WC and storage area.
The reception rooms are interlinked and both have an outlook to the front of the property onto the private garden area and an attractive period street scene beyond.
A wide stair leads up to a large first floor landing which is currently laid out as three classrooms/nursery rooms which could be designed to create office space or 3 to 4 potential bedrooms and bathrooms.
Each room is light with large windows and a pleasant St Leonards outlooks. The garden space is predominantly to the front of the property and enclosed by a wall siding onto Wonford Road.
Historically, the owners had permission to create a garage and off-road parking off Wonford road.
This is an extremely rare opportunity to fully renovate a modern mid-century property in the centre of St Leonards. Situation St Leonards is a highly sought-after location in which to live and work.
The heart of the village lies within 100 metres of the property and offers an excellent selection of independent shops, restaurants and boutiques.
Local amenities include doctors, dentists, an optician, osteopath and cafés, along with the RD&E and Nuffield hospitals.
The area is also well served by St Luke’s campus of the University of Exeter, the nationally renowned private schools of Exeter School and The Maynard, as well as a tennis club, pub and church.
Further afield, but still nearby, is Exeter City Centre with its range of shops and restaurants, Exeter Quay and the River Exe valley foot and bicycle paths, parkland, playing fields, river and canal.
The location offers a mix of village and community whilst in the centre of the city. Directions From Exeter city Centre proceed out of the city on Heavitree Road turning right into College Road.
Turn right at the traffic lights onto Magdalen Road passing the village shops and turn left onto Wonford Road after the pedestrian crossing.
The property will be found on the right hand side a short way down the road.
Postcode for SatNav: EX2 4EN What3words:///thick.trip.watch Agents Note: Planning application proposal for the demolition of greenhouse and provision of garage with access off Wonford Road with parking bay - reference: 14/1363/FUL (Greenhouse demolished) We are assuming the property falls into an ‘E class’ as the property has been used as classrooms and a nursery, but has remained vacant for sometime.
The agent advises that full plan permission should be sought for any use. Residents Parking: Zone D Services are all mains. Broadband is currently not in contract.
Speed of up to 1000 Mbs/s show as available.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
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FAQ
About St Leonards, Exeter, Devon
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