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Homer Lane, Seaton, EX12

South West

£195,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terraced home presents an exciting opportunity for renovation and investment in a central location, just a short stroll from local amenities and the town center. The property is being sold with no onward chain, making it ideal for those looking to customize their living space or capitalize on potential rental income. Upon entering, a wooden panelled door opens into a hallway that leads to the first floor. The spacious living room features a large window overlooking the front garden, providing ample natural light. A sliding door reveals generous under-stair storage, adding to the practicality of this area. The adjoining dining room connects through an archway and benefits from both a window and a glazed door that leads into a lean-to area, expanding the living space further. The kitchen is equipped with basic base and wall units and has room for several under-counter appliances, offering potential for updating. The lean-to, which is partially glazed, includes plumbing for a washing machine and provides access to the rear garden. Ascend from the entrance hall to discover two well-proportioned double bedrooms on the first floor. The main bedroom boasts built-in wardrobes and additional storage that houses the modern gas central heating boiler—recently replaced within the last two years—and offers views of the surrounding countryside. The second bedroom also features a large window facing the rear garden and includes its own deep storage cupboard. The bathroom contains an avocado suite with a bath and shower overhead, WC, hand wash basin, and obscured glass window—a practical space ready for modernization. Outside, a shared pathway leads up to the front door alongside an expansive lawn area. The rear garden is primarily laid to lawn as well and includes a brick-built storage shed plus rear pedestrian access. With all mains services connected, this property not only highlights spacious living areas but also possesses significant renovation potential that can enhance its value. It’s an excellent opportunity for investors or homeowners seeking to create their ideal dwelling in a prime location.

Investment Analysis

(EX12 area)
Area Average
£354/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (EX12)

Area prices are falling by +6.9% over the last 12 months
3 year growth: -2.5%
5 year growth: 4.4%
Investment Disclaimer: Analysis based on EX12 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

Homer Lane, Seaton, EX12
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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
£714
Based on a loan of £146,250 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