Exeter in Focus… City Centre

I am thrilled to be writing about our beautiful City of Exeter. In specific the City Centre. There is so much to love and enjoy, old meets new, with beautiful historical and medieval buildings, that are complimented by the architecture of newly designed and built properties. Our popular City is growing at a fast rate and has so much to offer with travel from City to Sea, or City to the Moors so easy.

The City Centre has a vibrant buzz, with so many independent and large brand companies boasting a wide array of shops, eateries, entertainment and community events that appeal to all ages. There is always something to enjoy through all the seasons.

There are so many places to take your children in the heart of the City. Exeter’s library, the Cathedral Green, the Underground Passages, and of course Rougemont Park. We’d thoroughly recommend the Hub Box, for a cheeky burger, and for something finer Rendezvous in Southernhay with their seasonal menu and endless lists of fine wines.

The property market has remained strong over the last five years and our City is lucky to see investors continue to invest in property, providing excellent quality housing to tenants, with fantastic opportunity to see their investment grow. The main issue we have, is a shortage of housing stock. When you compare the last 12 months to over the last 5 years, there is a substantial decline of over 15% less stock being sold.

Average Sales and Lettings values for Heavitree, Exeter

Some interesting facts, backed up by Zoopla, Street Index, and Land registry show some fascinating insights into the local market. It shows the significant drop in activity, not only for first time buyers, or landlords, but for families too. Also, we see the market changing within the short term – over the last 12 months, with semi-detached properties having reduced significantly by -5.94% and detached properties also reduced by -2.10% on average. However, over the last five years these values have continued to increase with semi-detached properties have increased by 14.88% and detached properties have also increased by 22.53% on average.

SALES Past 5 Years Past 12 Months
Current Average Value Quantity Sold Increase / Decrease in Value Quantity Sold Increase / Decrease in Value
Flats £179,856 2350  23.8% / £35,400 412 1.4% / £2,517
Terraced £243,154 5060  28.44% / £55,228 845 4% / £332,900
Semi Detached £274,497 3159  23.55% / £53,499 845 -5.9% / £17,339
Detached £434,937 3443  19.54% / £72,466 587 -2.1% / £9,342
RENTALS
2 Bed Flats £725 – £750
3 Bed Houses £875 – £975

* correct as of January 2017.

The Market in Exeter City Centre

If you are looking to move into Exeter City Centre or looking to sell, please contact us to register your requirements. Some of the most prestigious roads, are found in the center of Exeter. We love the old town houses too, which have character and charm, they are hugely popular and in very high demand. We have a long list of buyers waiting as the City Centre sees a high level of investors.

Our lettings manager has worked hard over the last 9 years helping landlords invest their money into property in the heart of the City. The great thing is the freedom to let to working professionals and students. With both Exeter College and Exeter University there is always high demand for quality student property, with excellent return on investment.

We are your local property experts, and we help you to find property. We also advise on getting the best value for your property, so the earlier we come to see you, the better as we advise on how to get your property ready for marketing. We also have an extensive list of proceedable buyers so when you are ready to move we can act quickly. Clear Property understand that moving home can be stressful and we work hard to ensure your experience is a happy one.

Renting in the City Centre is also a fantastic option, we have many properties this side of the City. Typically, they do not stay on the market long, and average rental prices are as follows. A 2 bed flat/house in Exeter can set you back £825 PCM. For families a typical terraced three bedroom family home is anything between £950 – £1150 PCM. It all depends on the location. For any rental advice if you are either a tenant or landlord please contact Jodie or Lottie where we will be very happy to help you.

 

My Favourites

Restaurants
Rendezvous – Seasonal menu and endless lists of fine wines.
Hubbox – We thoroughly recommend Hubbox, for a cheeky burger.

Café
Plant Cafe – A vegetarian Café and many dietary requirements are also catered for. Everything is made and baked on the premises.

Bakery & Deli
Exploding Bakery – Delicious cakes made by hand in small batches.
Chandos Deli – Fantastic food and wine fron all over the world.

Interests
The Library, Cathedral Green, Underground Passages, Rougemont Park and shopping in Princesshay & Gandy Street.

 

Some Beautiful Images of Exeter City Centre

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Kelly Forrester
Director, Clear Property

#WhyLoveExeter

Kelly Forrester

Kelly Forrester

Kelly
Company Director

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