30 Monks Road, Exeter, Devon, EX4 7AZ

Description

A Vacant Three Bedroom Extended Mid Terrace House in Need of Refurbishment. Potential for a Loft Conversion (Subject to Obtaining all Relevant Consents). The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms; Diner/Kitchen; Conservatory; Utility Room. First Floor: Three Bedrooms; Bathroom; Separate WC. Exterior: Front and rear gardens and a garage to the rear of the property.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Belmont Park Exeter are within easy reach. Transport links are provided by Polsloe Bridge rail station.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-road sale of 29 Monks Road at £320,000 in August 2025. Other same-road sales range from £275,000 to £440,000, but the older £440,000 sale is less directly comparable. A £320,000 base GDV is an evidence-supported estimate, subject to the property's refurbishment condition and accommodation differences.

Investment Snapshot

Strategy Recommendation

Proceed only after legal, survey and refurbishment-cost due diligence. BTL or BRRR may be viable at or near guide if the condition is manageable; avoid committing without a verified works budget.

Works Required

Refurbishment is required, but the evidence does not specify the defects or scope. Investigate the condition of the house, conservatory, utility room, kitchen, bathroom, WC, gardens and garage. Any loft conversion remains subject to relevant consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £320,000 base GDV, 75% refinance is £240,000. Against the guide plus the known £1,800 administration charge, this leaves £38,200 before refurbishment, finance, tax and other purchaser costs. Unknown works and fees prevent a reliable cash-left-in or BRRR return calculation.

Buy-to-Let Analysis

The nearby advertised asking rent of £1,300 pcm implies 7.8% gross yield against the £200,000 guide. This is not an achieved rent and is from a different Exeter road. Total-cost yield cannot be established because refurbishment costs and potential disbursements are unknown.

Flip Analysis

The £320,000 base GDV provides a potential resale benchmark, but refurbishment costs, selling costs and other completion costs are unsupported. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• Rental evidence is an advertised asking rent from a different road, not an achieved rent.

• Auction disbursements and other purchaser charges may become payable.

• The £440,000 comparable is older and may not be directly comparable.

• Any loft conversion requires relevant consents.

Recommendation

Proceed only after legal, survey and refurbishment-cost due diligence. BTL or BRRR may be viable at or near guide if the condition is manageable; avoid committing without a verified works budget.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence and one nearby rental asking figure, but no EPC, survey, refurbishment budget, detailed legal-pack costs or achieved rental evidence.