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Lower Shapter Street, Topsham - Image 1
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Lower Shapter Street, Topsham

South West

£850,000
Listed on 12/04/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
2647 sqft

Description

This three-bedroom property presents an exciting renovation project in the sought-after estuary town of Topsham. While currently requiring refurbishment, it comes with full planning consent to transform it into a stylish family residence that preserves its period charm. The proposed layout offers a thoughtful design that includes two spacious reception rooms at the front, leading seamlessly into a dining room and kitchen breakfast room, complemented by a utility area. A convenient downstairs shower room enhances functionality for everyday living. The upper floors are designed to accommodate three generous double bedrooms, each with ensuite facilities, maximizing comfort and privacy for residents. Outside, the property features enclosed gardens both at the front and rear, providing opportunities for landscaping that can enhance the outdoor space and create an inviting environment for leisure or gardening enthusiasts. Located in the heart of Topsham, this property benefits from proximity to various amenities including boutique shops, cafes, and restaurants. Residents will appreciate easy access to essential services such as a doctors’ surgery and a nearby train station. The area also offers fantastic walking and cycling routes along the picturesque Exe Estuary from Exmouth to Exeter. Topsham has a rich historical background dating back to Roman times when it served as a port for Exeter. Its enduring maritime connections are evident in local attractions like the sailing club and scenic quay area. With its close distance to Exeter—approximately 4 miles—and convenient access to junction 30 of the M5 motorway, this property not only provides potential for modern living but also represents an attractive investment opportunity in a thriving community. This is an ideal chance to create a tailored home in a prime location while capitalizing on the area's growth potential.

Investment Analysis

(EX3 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£321/sq ft
Area Average
£465/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,353,213
10% above area average per sq ft
Potential ROI
+42.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX3)

Area prices are falling by +11.8% over the last 12 months
3 year growth: -1.0%
5 year growth: 4.6%
Investment Disclaimer: Analysis based on EX3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lower Shapter Street, Topsham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE