6-bedroom detached house · EX1 2ND
Opportunity summary
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About
A substantial detached property offering significant scope for comprehensive refurbishment or redevelopment, subject to the necessary consents.
Description 83 Heavitree Road comprises a substantial detached property set within an impressive plot of approximately 0.37 acres, centrally located to the city.
Extending to circa 5,500 sq ft of internal accommodation, the property offers significant scope for comprehensive refurbishment or redevelopment, subject to the necessary consents.
The building is currently in need of extensive modernisation; however, its scale, established setting and highly accessible location present a rare opportunity for development.
PLANNING APPLICATION: There is an existing planning application for the change of use to full residential, including the refurbishment and extension of the property to create nine flats, along with associated works.
Although planning permission has not yet been granted, the scheme may be subject to amendment to meet purchaser requirements. Exeter City Council - Planning ref number is 26/0105/FUL.
Currently it expires on 30th June.
Location The property is situated within the sought-after Mont Le Grand Conservation Area, approximately 0.6 miles to the east of Exeter city centre, located on the equidistant between St.
Leonards, Heavitree and New Town.
Magdalen Road, 0.4 miles away around the corner, offers a superb range of amenities, including a farm shop, cheese shop and delicatessen, as well as various restaurants, cafes, and a pub.
There is a wide choice of local schools both from the independent and state sectors including Exeter School, Maynard’s and the Cathedral School, whilst Blundell’s School in Tiverton offers a daily bus service from Exeter.
The nearby Exeter University grounds also offer an array of sporting leisure facilities including the University Sports Park with a large state of the art gym, indoor tennis courts, fitness classes and an outdoor swimming pool.
Northcott Theatre is also on the campus. Exeter Squash Club and Cricket Club are approximately 1 mile away.
Further gym, spa and swimming facilities can be found at the nearby award-winning St Sidwell’s Point leisure centre.
The M5 motorway network, providing links to London and The Midlands is to the east of the city, as is Exeter International Airport. Exeter has two railway stations, with Exeter St David’s (approx.
1.2 miles) offering regular services to Paddington and Exeter Central (approx. 1 mile) to Waterloo.
Square Footage: 5,498 sq ft Acreage: 0.37 Acres Directions What3words ///lively.ending.works The property is located on the corner of Heavitree Road and Grendon Road.
Additional Info SERVICES: Mains water, gas, electricity and drainage.
AGENTS NOTES: The building was previously used as a laboratory and is listed as mix-use, comprising of commercial and a residential flat, with a Council Tax Band 'B'.
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
Agent & docs
FAQ
About 83, Heavitree Road, Exeter, Devon, EX1
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