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New Street, Ottery St Mary

South West

£200,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
753 sqft

Description

This 2-bedroom period cottage offers a unique opportunity for renovation and investment in a quiet area, conveniently located near the desirable town of Ottery St Mary. While the property requires modernisation, it presents a blank canvas for those looking to create their ideal living space or capitalize on its rental potential. The interior features an entrance porch that leads into a living room, providing a welcoming space for relaxation. The kitchen includes a range of units and worktop surfaces, with possibilities for reconfiguration to enhance functionality. Additional amenities on the ground floor include a store area, cloakroom, and a covered utility area, adding practicality to the layout. Upstairs, you will find two bedrooms along with a bathroom. The property benefits from gas central heating and is sold with no onward chain, making it even more appealing for investors or first-time buyers. Outside, the considerable rear garden is terraced and awaits cultivation; this outdoor space could be transformed into a charming retreat or garden oasis with some thoughtful landscaping. Located in Ottery St Mary, known for its rich history and cultural significance as home to the renowned 'Tar Barrels', this area boasts a vibrant community atmosphere. Residents can enjoy access to various amenities including independent shops such as butchers and coffee houses, as well as essential services like schools—including The Kings School—a supermarket, dentist, and medical centre. With excellent transport links nearby offering easy access to the A30, M5 motorway, and London’s Waterloo line, alongside close proximity to Exeter and its International Airport, this property is not only situated in an appealing locale but also represents significant investment potential in an evolving market.

Investment Analysis

(EX11 area)

Below Market Value

This property is priced -25.7% below area average per sq ft

-25.7%
Potential saving
This Property
£266/sq ft
Area Average
£358/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£296,241
10% above area average per sq ft
Potential ROI
+28.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX11)

Area prices are falling by +4.9% over the last 12 months
3 year growth: 4.6%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on EX11 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

New Street, Ottery St Mary
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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
£733
Based on a loan of £150,000 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