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Mill Street, Ottery St Mary

South West

£250,000
Listed on 10/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
800 sqft

Description

This three-bedroom terraced house presents a promising opportunity for those looking to invest in a property within the heart of Ottery St Mary. The home is positioned conveniently near the town centre, making it an attractive choice for families and professionals alike. Currently requiring modernisation, the layout includes an entrance lobby that leads into an open-plan lounge and dining area, alongside a kitchen and bathroom on the ground floor. The upstairs features three bedrooms complemented by a cloakroom. Some enhancements have already been made with gas central heating and double-glazed windows in place. Outside, you'll find a rear courtyard complete with access to a studio or office space equipped with light and power—perfect for those who work from home or need extra storage. The terraced garden includes steps leading up to a spacious lawn area, providing potential for landscaping or further development. Ottery St Mary is steeped in history and offers a vibrant local community with independent shops, schools, and excellent transport links that connect easily to Exeter and beyond. This property stands as an ideal candidate for renovation, allowing you to shape it to meet modern living standards while preserving its original charm.

Investment Analysis

(EX11 area)

Below Market Value

This property is priced -12.5% below area average per sq ft

-12.5%
Potential saving
This Property
£313/sq ft
Area Average
£357/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,116
10% above area average per sq ft
Potential ROI
+8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Mill Street, Ottery St 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
£902
Based on a loan of £187,500 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.

Next Steps

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