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Shaftesbury Road, Exeter, Devon

South West

£200,000
Listed on 11/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
855 sqft

Description

This two-bedroom mid-terrace home is situated in the desirable St Thomas area, an increasingly popular neighborhood known for its community feel and convenient amenities. Currently in need of modernisation, this property offers a unique opportunity for buyers looking to invest in a space where they can express their personal style and vision. The ground floor features a bright and spacious living and dining area that serves as a versatile space for relaxation or hosting gatherings. Adjacent is the kitchen, which presents a practical layout with ample potential for updates. Direct access from the kitchen leads to an enclosed patio courtyard, providing an outdoor retreat along with the advantage of rear access. On the upper level, you will find two well-proportioned bedrooms. The master bedroom is particularly inviting with its bay window that enhances both character and natural light. In addition, there is a conveniently sized bathroom featuring a four-piece suite, including a separate shower and bathtub. With no onward chain, this property stands out as an attractive option for first-time buyers or investors looking to capitalize on the area's growth potential. The local landscape is marked by accessibility to transport links as well as shopping and dining options. This combination of location benefits and renovation potential makes it an ideal canvas for future improvements or rental opportunities. Further details include gas central heating and on-road parking availability. This property offers not just a place to live but also a strategic investment in a flourishing community.

Investment Analysis

(EX2 area)

Below Market Value

This property is priced -33.1% below area average per sq ft

-33.1%
Potential saving
This Property
£234/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£303
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£328,658
10% above area average per sq ft
Potential ROI
+31.5%
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

Shaftesbury Road, Exeter, Devon
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