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Pellew Way, Teignmouth, TQ14

South West

£240,000
Listed on 24/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
990 sqft

Description

This two-bedroom semi-detached house presents a fantastic opportunity for renovation and expansion in a desirable area. With its strategic location, close to local schools and the Coombe Valley Nature Reserve, as well as excellent transport links to Exeter, this property is perfect for those looking to create their ideal living space. Upon entry, you will find a spacious living room that invites natural light through large windows, providing a great foundation to craft a cozy atmosphere. The kitchen is equipped with sufficient counter space and modern appliances but could benefit from updates to enhance functionality and aesthetics. Upstairs, both bedrooms are sizable, offering potential for reconfiguration or upgrades to maximize their appeal. The master bedroom enjoys ample sunlight, while the second bedroom can easily serve as either a guest room or home office—offering flexibility for various needs. A wet room adds convenience but might require modernisation to align with contemporary expectations. Additional features include an efficiently located laundry room and an attached garage that offers secure parking as well as extra storage capacity. Notably, there’s potential for extending the property further if desired, providing even more options for creating valuable living space. This house is not just a home; it is a canvas ready for your vision. Given its prime location and structural soundness, it's ideal for first-time buyers or investors keen on tapping into the local market's potential. Schedule your viewing today and explore the possibilities this property holds.

Investment Analysis

(TQ14 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£242/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£357,301
10% above area average per sq ft
Potential ROI
+32.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TQ14)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 6.0%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on TQ14 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

Pellew Way, Teignmouth, TQ14
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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
£879
Based on a loan of £180,000 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