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Gerway Lane, Ottery Saint Mary

South West

£850,000
Listed on 23/01/2026

Property Details

Bedrooms
4
Type
Detached house
Area
2604 sqft

Description

This distinctive family residence is nestled on the southern edge of the highly desirable town of Ottery St Mary, offering a tranquil setting with picturesque countryside views over open farmland towards East Hill. The property sits on a generous plot of approximately 0.67 acres, providing ample space to explore renovation opportunities or potential extensions, subject to planning permission. The interior features an expansive entrance hall that leads to various communal living spaces, including a dual-aspect living room, kitchen/breakfast area, snug, family room, dining room, study, cloakroom, and utility room on the ground floor. The first floor accommodates four bedrooms along with two bathrooms. This flexible layout is perfect for modern family needs and could easily adapt to additional uses such as a granny annexe or dedicated workspace. The home is equipped with oil-fired central heating and double-glazed windows for comfort year-round. Outside, the level grounds currently boast a vegetable garden, fruit trees, and beautifully kept flower borders while still presenting excellent potential for further landscaping or development. With two separate entrances providing off-road parking for multiple vehicles and access to a garage and an additional outbuilding, this property offers versatility in use. Located within walking distance of the town centre's amenities and with excellent transport links nearby, this property combines peaceful country living with accessibility.

Investment Analysis

(EX11 area)

Below Market Value

This property is priced -8.6% below area average per sq ft

-8.6%
Potential saving
This Property
£326/sq ft
Area Average
£357/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,022,448
10% above area average per sq ft
Potential ROI
+9.9%
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
34%
Properties sold annually

Local Market Trend (EX11)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 2.6%
5 year growth: 17.9%
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

Gerway Lane, Ottery Saint Mary
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,066
Based on a loan of £637,500 over 30 years at 4.06% 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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