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Mill Street, Ottery St. Mary, EX11 1AJ

South West

£325,000
Listed on 30/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This mixed-use freehold property presents a unique opportunity for those seeking both residential and commercial investment potential. Situated in a strategic location, the building features a spacious commercial unit on the ground floor, complemented by a well-arranged two-bedroom residential flat above. The commercial space offers flexibility for various business ventures and includes a large retail area along with two substantial workshops and an adjoining yard. This layout not only provides immediate income possibilities but also allows for future modifications or enhancements, subject to obtaining the necessary planning permissions. The residential accommodation boasts its own private entrance, creating a distinct living environment for owners or tenants. Inside, the flat is surprisingly generous in size, featuring a reception hall, dual-aspect living and dining areas, a functional kitchen, utility room, two double bedrooms, and a family bathroom. Notably, the large loft area presents further renovation potential for those interested in expanding living space or creating additional rental units. The property is conveniently located in Ottery St Mary, known for its vibrant community atmosphere and strong local amenities. Residents have easy access to supermarkets, pubs, cafes, banks, medical facilities, and recreational options like sports centers. Families will appreciate the presence of highly regarded schools nearby. Commuters benefit from excellent transport links; Exeter is just 10 miles away while Honiton provides mainline rail services to London Waterloo. Overall, this substantial property offers investors and business owners an enticing prospect to capitalize on both current operations and future developments. It merits viewing to fully grasp its extensive possibilities within this thriving town.

Investment Analysis

(EX11 area)
Area Average
£358/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Mill Street, Ottery St. Mary, EX11 1AJ
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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
£1,191
Based on a loan of £243,750 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