The land off Magdalen Street was used during the 18th and 19th centuries as a resting place for people who'd dissented from the established church.
It was sold in 2010 to a man who planned to exhume the remains and build flats - but he has sold it on to a Trust who plan to clear and restore the site.
The Exeter Dissenters' Graveyard Trust will clear rubbish from the site, carry out an archaeological investigation and then turn it into a heritage asset for the city.
Two Plymouth towns set for major boost
Residents to call the shots
Could more Dartmoor car parks charge prices?
There are only a small number at present
MP frustrated over Torbay Hospital funding
Conservative and Labour governments both blamed for under-investment
Plans for affordable homes on Exeter County Hall site
Step forward expected
Teenager jailed for train station rape
He also sexually assaulted a girl on a train
Anger over planned Plymouth road closure
Traffic would be diverted to congested Deep Lane Junction
