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See how verdicts workHouse · EX1 2PU
For saleReduced £20k (−9.1%) on 23 OctListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three-bedroom mid-terrace house with no onward chain in Exeter, offering huge potential for a full renovation project.
the property A three-bedroom mid-terrace property situated in a convenient residential location, offering an excellent opportunity for purchasers seeking a substantial renovation project.
The accommodation extends to approximately 972 sq ft (90.3 sq m) and comprises an entrance hall, sitting room, separate dining room, kitchen and lean-to on the ground floor.
On the first floor are three bedrooms and a family bathroom.
The layout provides well-proportioned accommodation throughout and offers flexibility for buyers looking to adapt and improve the property to suit modern living requirements.
The property now requires comprehensive refurbishment throughout, but represents an exciting opportunity to create a home tailored to individual tastes and specifications.
There is clear scope to enhance both the accommodation and overall presentation, making it an attractive prospect for owner-occupiers, investors and developers alike.
Externally, the property benefits from an enclosed rear garden and occupies a convenient position within easy reach of local amenities, schools, public transport links and Exeter city centre.
The property is offered for sale with no onward chain and presents a rare opportunity to acquire a house with considerable potential in a well-established residential area.
The location Situated on the highly regarded Ladysmith Road in the sought-after Heavitree district of Exeter, this property enjoys an excellent position within one of the city's most established and desirable residential areas.
Heavitree offers a vibrant community atmosphere with a wide range of independent shops, cafés, restaurants, and everyday amenities centred around Heavitree Fore Street.
The property is conveniently located for the Royal Devon University Healthcare nhs Foundation Trust (rd&E Hospital), making it particularly appealing to healthcare professionals.
Exeter's historic city centre is within easy reach, providing an extensive selection of retail, leisure, and cultural attractions.
Excellent transport connections are available, with regular bus services nearby, easy access to major road networks including the M5 and A30, and rail links from Exeter's mainline stations.
The area is also well served by a range of highly regarded schools and green open spaces, including Heavitree Pleasure Ground and nearby parks, making it an attractive location for families and professionals alike.
Combining convenience, connectivity, and a strong sense of community, Heavitree remains one of Exeter's most popular residential locations. Services Local Authority: Exeter Council.
Tax Band: C Tenure: Freehold Heating: Gas Central Heating Services: Mains water and mains drainage Energy Efficiency Rating: F Flooding- This is deemed to be very low risk for rivers & seas and very low for surface water.
Internet- We understand that Ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps Mobile Phone signal – All mobile networks are currently displayed as available at the property agent's note To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding.
We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers.
There is a nominal charge of £24 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request.
Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme).
It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
FAQ
About 51, Ladysmith Road, Exeter
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