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Cleveland Street, St Thomas, EX4

South West

£220,000
Listed on 17/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terrace home presents a unique opportunity for renovation, situated in the desirable residential neighborhood of St Thomas. The property benefits from its close proximity to local amenities, including schools, shops, and recreational spaces such as St Thomas Pleasure Ground. Additionally, the convenience of nearby transport links, including St Thomas Train Station and easy access to Exeter’s Historic Quayside and city center, adds to its appeal. The layout offers a functional space that can be customized to suit modern living preferences. Entering through the front door, you are greeted by an entrance vestibule leading into a hallway with stairs that ascend to the first floor. The lounge features a double-glazed bay window that fills the room with natural light while providing a cozy atmosphere. Adjacent is a dining room overlooking the rear garden—potentially an ideal setting for entertaining or family gatherings. The breakfast room adjoins the kitchen, which is equipped with base cupboards and counters along with necessary facilities for cooking. Although some updates would enhance these areas significantly, they provide a solid foundation for transformation into more contemporary designs. The utility of under-stairs storage adds practicality in maximizing available space. On the upper level, two bedrooms offer comfortable accommodations; both are well-sized and equipped with double-glazed windows that contribute to energy efficiency. The bathroom includes essential fittings such as a panelled bath with an electric shower—a space that could benefit from modernization to meet current styling trends. Outside, the enclosed rear garden provides potential for landscaping or personal touches while featuring a combination of paved patio and grass lawn areas. A gate at the back offers convenient access—a feature that enhances the usability of outdoor space. Given its location and inherent potential for renovation, this property stands out as an excellent investment opportunity for those looking to create their ideal home in an attractive area while benefiting from no onward chain complications. Interested parties should note that there may be asbestos present in the kitchen roof; therefore, due diligence is recommended prior to any renovations.

Investment Analysis

(EX4 area)
Area Average
£332/sq ft
Avg Rent (weekly)
£429
Avg Yield
7.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.4%
5 year growth: 17.3%
Investment Disclaimer: Analysis based on EX4 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

Cleveland Street, St Thomas, EX4
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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
£806
Based on a loan of £165,000 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