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School Road, St.Thomas, EX2

South West

£210,000
Listed on 17/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
861 sqft

Description

This two-bedroom terrace property presents a valuable opportunity for renovation in the sought-after residential area of St Thomas. Nestled conveniently near local shops, schools, supermarkets, and St Thomas Train Station, it also offers easy access to Exeter's Historic Quayside and City Centre—making it an appealing location for both homeowners and potential tenants. The living space provides a good foundation for modernizing the interior to suit contemporary tastes. The dining room flows into the lounge, creating a potential open-plan layout that could enhance the overall functionality of the home. The kitchen features base cupboards, a sink and drainer, and ample workspace, with opportunities available to reconfigure it for a more contemporary design. Upstairs, two well-proportioned bedrooms offer comfortable accommodation. The master bedroom benefits from natural light streaming through its front-facing double-glazed window. The second bedroom has views over the garden at the rear. The shower room includes essential fixtures such as a panelled bath, wash hand basin, and low-level WC. Its current layout can be improved to match modern standards or preferences. Outside, an enclosed rear garden awaits your vision. With both paved patio areas and a grassy lawn bordered by established flowerbeds, this space can be transformed into an inviting outdoor retreat or additional entertaining area. A pathway leads to a gate providing rear access—an added benefit for convenience. This property is offered with no onward chain, making it an ideal choice for those looking to invest in a project or create their dream home in an excellent location with significant potential for value appreciation after renovations are completed.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -30.2% below area average per sq ft

-30.2%
Potential saving
This Property
£244/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£303
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£21,000 - £52,500
10-25% of property value
Target Value
£330,964
10% above area average per sq ft
Potential ROI
+26.1%
After renovation
Monthly Sales
46
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (EX2)

Area prices are falling by +3.1% over the last 12 months
3 year growth: -3.2%
5 year growth: 10.2%
Investment Disclaimer: Analysis based on EX2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

School Road, St.Thomas, EX2
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