Detached house · EX4 4DW
For saleListed 205 days
Opportunity summary
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About
Description An attractive Grade II Listed detached period property, located in Exeter’s highly regarded St David’s Quarter, approximately half a mile from the city centre and within easy walking distance of Exeter College, the University campus, and both St Davids and Central stations.
The building is currently arranged as offices and offers excellent potential to be reinstated as an impressive family home or adapted to provide a combined home and business premises, subject to the necessary consents.
The ground floor benefits from a substantial single storey section with its own separate entrance, lending itself well to use as a practice space or for a home run business.
To the front of the property is a generous parking area with space for six to eight vehicles. Under the current planning consent, part of this area is allocated for secure cycle and bin storage.
To the rear, the property enjoys a unique enclosed garden, bordered by tall brick walls, creating a private and sheltered outdoor space rarely found so close to the heart of the city.
Situation The Cathedral City of Exeter is one of the most desirable and vibrant cities in the South West of England.
With a growing population of around 130,000, it serves as the cultural, administrative and commercial heart of Devon, set on the scenic River Exe and within easy reach of both the Dartmoor National Park and the stunning Devon and Cornwall coastline.
Home to a top-tier Russell Group university and excellent further education provision, Exeter attracts students, professionals and families alike, with strong links to industry and employment including the Met Office, University of Exeter, Devon County Council and major healthcare and professional services sectors.
The city is rich in history and character, dominated by its iconic medieval Cathedral and ancient city walls, with a thriving cultural scene encompassing museums, theatres, galleries and festivals, alongside an excellent range of independent shops, cafés, restaurants and leisure facilities.
Exeter’s vibrant Quayside and green open spaces provide scenic walks, waterside activity and community events, making the city an attractive place to live, work and study.
Directions From Exeter City centre follow New North Road across the Clock Tower roundabout towards Exeter College - turning left at the traffic lights onto Hele Road and then turning left at the next roundabout onto St David's Hill.
Walnut House will be found on your right after the entrance to Walnut Gardens.
PLANNING The property currently benefits from planning permission (23/0442/FUL) for the creation of 14 contemporary ‘City Suites’, arranged around shared communal facilities including a kitchen, living area and garden space.
The scheme is well suited to student or young professional occupation.
This provides an opportunity for an incoming purchaser to deliver a high quality, bespoke shared living scheme in a prime ocation close to the city centre and the University.
Please contact Wilkinson Grant for access to the data room where you will find further details regarding the planning permission, including floor plans and further technical information.
AGENTS NOTE The building was previously used as offices and currently benefits from planning permission for conversion to Sui Generis residential accommodation.
Prospective purchasers wishing to use the property as a private dwelling will need to obtain planning permission for a change of use to Class C3.
Likewise, those intending to combine residential use with business premises may require consent for a mixed use, such as Class C3 and Class E.
We strongly recommend that interested parties seek advice from a qualified planning consultant and solicitor prior to submitting an offer.
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 Davids, Exeter
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