Wear Close, Exeter, EX2 7EG - 2 views - 2 months ago
Price changed to £300,000
May 4, 2024
Listed for £315,000
March 25, 2024
Sold for £120,000
2018
A spacious 1683 square foot semi-detached home nestled in the sought-after neighborhood of Countess Wear. This residence boasts a remarkable extension, expanding both the rear and side aspects. The side extension offers ideal potential for an annex, complete with its own separate access and entrance.
Situation - Conveniently positioned just 3 miles from the vibrant heart of Exeter's City Centre, this property provides exceptional accessibility to the extensive road network encircling the city. Additionally, it offers close proximity to the charming town of Topsham, primary and secondary schools, as well as a wealth of leisure options. Enjoy scenic riverside walks, explore cycle routes, and take advantage of a reliable bus service that effortlessly connects you to the bustling city center, all within easy reach from this prime location.
Entrance Hallway - Double glazed front door opening into the property. Stairs leading to first floor landing, wood effect flooring, under stair storage and doors opening to,
Sitting Room - Three double glazed windows to front aspect offering lots of natural light, carpet flooring and a radiator.
Kitchen/Breakfast Room - A spacious and light room which benefits from double glazed doors opening to rear patio area, a breakfast bar and a well appointment kitchen with integrated appliances.
Downstairs Shower Room - A modern matching suite comprising of a walk-in shower, low level WC, wash hand basin, heated towel rail and an extractor fan.
Dining Room - Adjacent to the kitchen is a further reception room making this an ideal dining space. It is currently being used as an office.
Living Room - This portion of the property presents an excellent opportunity for an annex, suitable for rental purposes or accommodating a family member. The generously sized living room features bi-folding glass doors that open onto the rear aspect.
Bedroom 1 - Accessible from the living room, the master bedroom offers the convenience of its own en-suite shower room and bi-folding doors leading out to the garden.
Bedroom - Another room on this level provides versatility, serving as an additional bedroom or potentially adaptable into a kitchen for the annex.
First Floor - Ascending the stairs from the entrance hallway, you'll discover three bedrooms and a family bathroom on this floor.
Outside - At the back of the property lies a spacious garden, predominantly covered in lawn, featuring multiple seating areas ideal for al fresco dining. There is rear access via a gate.
At the front is one parking space and a low maintenance front garden.
Agent Notes - These particulars are not an offer or contract, nor part of one. You should not rely on statements by Francis Louis in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property condition or its value. Neither Francis Louis nor any joint agent has any authority to make any representations about the property and accordingly any information given is entirely without responsibility on the part of the agents, sellor(s) or lessor(s) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: the vat position relating to the property may change without notice
Population in EX2 | 40,597 |
Population in Exeter | 128,336 |
Town centre distance | 2.14 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.76 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -18% |
Sales demand | Balanced market |
Capital growth (5yrs) | +18% |
Sold prices | £235K - £2.0M |
Sold prices/m² | £1,577/m² - £8,213/m² |
| |
Square metres | ~178.28 m² |
Price/m² | £1,683/m² |
Value estimate | £309,000 |
BMV | 3% |
| |
End value, after refurb | £645,347 |
Uplift in value | +115% |
29 sold prices
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£538K | 05/23 | 0.1 mi | 15, Trafalgar Road, Exeter, Devon EX2 7GF | - | - | 5 | Detached House | |
£851K | 01/23 | 0.55 mi | Fairway, Old Rydon Lane, Exeter, Devon EX2 7JZ | - | - | 5 | Detached House | |
£645K | 03/23 | 0.68 mi | 38, Countess Wear Road, Exeter, Devon EX2 6LR | - | - | 5 | Detached House | |
£514K | 06/21 | 0.69 mi | 5, Birdie Walk, Exeter, Devon EX2 7SE | £3,752 | 137 | 5 | Detached House | |
£520K | 06/21 | 0.74 mi | 3, Newcourt Way, Exeter, Devon EX2 7SA | £3,023 | 172 | 5 | Detached House | |
£235K | 04/21 | 0.93 mi | 17, School Lane, Exeter, Devon EX2 6LB | £1,577 | 149 | 5 | Detached House | |
£647K | 08/23 | 1.07 mi | 12, Couper Meadows, Exeter, Devon EX2 7TF | £3,405 | 190 | 5 | Detached House | |
£550K | 11/20 | 1.16 mi | 15, Miller Way, Exminster, Exeter, Devon EX6 8TH | £2,957 | 186 | 5 | Detached House | |
£825K | 06/21 | 1.19 mi | 3, Parkfield Way, Topsham, Exeter, Devon EX3 0DP | £4,661 | 177 | 5 | Terraced House | |
£540K | 09/23 | 1.2 mi | 11, Apple Farm Grange, Exeter, Devon EX2 7TH | - | - | 5 | Detached House | |
£427.5K | 10/22 | 1.22 mi | 91, Crockwells Road, Exminster, Exeter, Devon EX6 8DH | - | - | 5 | Semi-Detached House | |
£1.7M | 11/22 | 1.23 mi | 15, Elm Grove Road, Topsham, Exeter, Devon EX3 0EQ | £8,213 | 207 | 5 | Semi-Detached House | |
£830K | 05/22 | 1.31 mi | 4, White Street, Topsham, Exeter, Devon EX3 0AA | £4,959 | 167 | 5 | Semi-Detached House | |
£620K | 02/21 | 1.35 mi | Springlands, Dawlish Road, Exminster, Exeter, Devon EX6 8DN | £2,831 | 219 | 5 | Detached House | |
£2.0M | 03/23 | 1.4 mi | 30, Monmouth Street, Topsham, Exeter, Devon EX3 0AJ | - | - | 5 | Terraced House | |
£1.1M | 07/23 | 1.4 mi | 33, Elm Grove Road, Topsham, Exeter, Devon EX3 0EJ | - | - | 5 | Semi-Detached House | |
£475K | 06/21 | 1.41 mi | 2, Grecian Way, Exeter, Devon EX2 5PF | £5,398 | 88 | 5 | Detached House | |
£345K | 02/21 | 1.46 mi | 54, Whitchurch Avenue, Exeter, Devon EX2 5NT | £3,053 | 113 | 5 | Semi-Detached House | |
£485K | 03/23 | 1.49 mi | 5, Glave Saunders Avenue, Exeter, Devon EX2 5PN | - | - | 5 | Terraced House | |
£500K | 10/21 | 1.52 mi | 62, Well Oak Park, Exeter, Devon EX2 5BB | £3,937 | 127 | 5 | Detached House | |
£1.3M | 12/20 | 1.6 mi | Manadon, Tresillian Gardens, Topsham, Exeter, Devon EX3 0BA | - | - | 5 | Detached House | |
£685K | 12/22 | 1.74 mi | 28, Fleming Way, Exeter, Devon EX2 4SE | £4,363 | 157 | 5 | Detached House | |
£350K | 05/21 | 1.76 mi | 17, Avondale Road, Exeter, Devon EX2 5HE | £4,084 | 86 | 5 | Semi-Detached House | |
£562.5K | 01/23 | 1.78 mi | 108, Gras Lawn, Exeter, Devon EX2 4ST | £2,927 | 192 | 5 | Terraced House | |
£415K | 02/21 | 1.8 mi | 10, Delius Crescent, Exeter, Devon EX2 5QZ | £3,294 | 126 | 5 | Detached House | |
£616.5K | 04/23 | 1.82 mi | 16, Egham Avenue, Exeter, Devon EX2 4RQ | £5,856 | 105 | 5 | Semi-Detached House | |
£418.5K | 02/21 | 1.85 mi | 28, Loram Way, Alphington, Exeter, Devon EX2 8GG | £3,948 | 106 | 5 | Detached House | |
£390K | 10/20 | 1.95 mi | 55, Birchy Barton Hill, Exeter, Devon EX1 3EX | £2,690 | 145 | 5 | Semi-Detached House | |
£553.3K | 09/20 | 1.96 mi | 33, Ringswell Avenue, Exeter, Devon EX1 3EF | £2,959 | 187 | 5 | Semi-Detached House |
Cash In | |
Deposit (25%) | £75,000 |
Stamp duty & legals | £12,700 |
Refurb costs | £72,587 |
Total cash in | £160,287 |
| |
Cash Out | |
Monetisation | Rent OutFlip |
Rent range | £1,100 - £3,500 |
Rent estimate | £1,787 |
Revaluation | £645,347 |
New mortgage | £385,287 |
Cash left in | £3,625 |
Running costs/mo | £1,983 |
Cashflow/mo | £-196 |
Cashflow/yr | £-2,352 |
Gross yield | 7% |
33 rents
Rent | Date | Distance | Address | Beds | Type | |
£1,300 | 02/24 | 0.13 mi | - | 3 | Semi-Detached House | |
£1,550 | 04/24 | 0.26 mi | Bankart Lane | 3 | Semi-Detached House | |
£1,750 | 04/24 | 0.26 mi | Strawberry Lane, Topsham, Exeter | 3 | House | |
£1,500 | 04/24 | 0.35 mi | Ruby Red Row, Exeter | 3 | Semi-Detached House | |
£2,950 | 04/24 | 0.51 mi | Exeter, Devon | 4 | Detached House | |
£3,200 | 05/24 | 0.55 mi | Exeter, Devon | 4 | Detached House | |
£2,650 | 05/24 | 0.57 mi | Holland Park, Exeter | 3 | Detached House | |
£1,750 | 04/24 | 0.65 mi | - | 3 | Semi-Detached House | |
£1,350 | 10/23 | 0.66 mi | - | 3 | Semi-Detached House | |
£1,300 | 03/24 | 0.7 mi | River Plate Road, Exeter | 3 | Terraced House | |
£1,750 | 04/24 | 0.72 mi | Exeter | 4 | Detached House | |
£2,300 | 04/24 | 0.72 mi | Topsham, Exeter | 4 | Semi-Detached House | |
£2,000 | 03/24 | 0.74 mi | Hook Drive, Exeter, Devon, EX2 | 4 | Detached House | |
£1,650 | 03/24 | 0.75 mi | Rhode Island Drive, EXETER | 4 | Flat | |
£1,650 | 04/24 | 0.75 mi | The Rydons | 4 | Flat | |
£3,500 | 04/24 | 0.76 mi | Coles Crescent, Newcourt Road | 4 | Detached House | |
£1,350 | 03/24 | 0.76 mi | Resolution Road, Exeter | 3 | Detached House | |
£2,800 | 04/24 | 0.83 mi | Topsham, Exeter | 4 | Detached House | |
£1,300 | 05/24 | 0.84 mi | Resolution Road, Exeter | 3 | Detached House | |
£1,250 | 04/24 | 0.86 mi | Mulligan Drive, The Rydons, Exeter | 3 | Terraced House | |
£1,350 | 03/24 | 0.88 mi | Mulligan Drive, Exeter | 3 | Detached House | |
£1,800 | 04/24 | 1.02 mi | Lewis Crescent, Clyst Heath | 4 | House | |
£1,750 | 06/23 | 1.03 mi | - | 4 | Semi-Detached House | |
£1,100 | 05/24 | 1.04 mi | Exminster House, Miller Way, Exeter, Devon, EX6 | 3 | Flat | |
£2,200 | 04/24 | 1.04 mi | Halyards, Topsham | 3 | Semi-Detached House | |
£2,200 | 04/24 | 1.04 mi | Halyards, Topsham | 3 | Semi-Detached House | |
£1,600 | 03/24 | 1.06 mi | Glebelands, Exminster | 3 | Flat | |
£1,400 | 04/24 | 1.08 mi | - | 3 | Semi-Detached House | |
£1,495 | 03/24 | 1.17 mi | Deepway Lane, Exminster | 3 | Detached House | |
£1,350 | 04/24 | 1.19 mi | Matford, Exeter | 3 | Terraced House | |
£1,350 | 04/24 | 1.19 mi | Medland Way, Exeter | 3 | Terraced House | |
£1,450 | 04/24 | 1.23 mi | Crown Way, Kings Heath | 3 | House | |
£1,250 | 04/24 | 1.23 mi | Briar Crescent, Exeter | 3 | Semi-Detached House |