Two-bed Victorian terrace for full modernisation, strong rental location..
Freehold Victorian mid-terrace, two bedrooms, circa 514 sq ft
A compact two-bedroom Victorian terrace in central Exeter offering clear renovation potential and immediate rental appeal. The house is freehold with a small rear courtyard and an additional garden across the road — practical assets for a city-centre property. Fast broadband and excellent mobile signal suit student or professional tenants.
This property requires full modernisation: dated interiors, evidence of damp/mould in the living room, and general refurbishment throughout. There is a medium flood risk and the area records very high crime levels; both are material factors for future use and insurance costs. Room sizes are modest (total c. 514 sq ft) so planning major extensions is likely limited.
Positioned in a cosmopolitan, student-and-professional neighbourhood close to the city centre and river, the house is attractive as an investor buy-to-let or a project for an experienced renovator. Cheap council tax reduces running costs, and the mix of local amenities, transport links and nearby schools supports rental demand.
Realistic buyers should budget for comprehensive works and factor in security and insurance implications from the high crime rating. For investors, the location and freehold tenure provide straightforward rental upside once refurbished; for owner-occupiers, expect a hands-on, value-led restoration project.