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Riverside View, Ottery St Mary

South West

£190,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
849 sqft

Description

This two-bedroom terraced house presents a valuable opportunity for renovation and investment in the desirable town of Ottery St Mary. The property, while in need of modernization, features a practical layout that includes an entrance lobby, a lounge, and a spacious kitchen/dining area equipped with wall and base units. On the first floor, you’ll find two bedrooms along with a bathroom, making it suitable for both individual homeowners and investors looking to enhance its appeal. The property is fitted with double-glazed windows and offers potential for modern upgrades that can significantly increase its value. Outside, there’s a low-maintenance gravel garden at the front and an additional gravelled area landscaped with shrubs. The rear of the property boasts a timber balcony that leads down to a paved patio area—ideal for outdoor living or entertaining. A pedestrian gate provides convenient access to the rear. Additionally, there are two nearby parking spaces, alongside a storage basement accessible from below with generous ceiling height, presenting further possibilities for conversion or utility space. Situated in Ottery St Mary—known for its rich history and local cultural events such as the annual Tar Barrels festival—the home is surrounded by numerous amenities. The town features a variety of independent shops including butchers, greengrocers, bakeries, chemists, and supermarkets. Educational opportunities are well-catered for with reputable schools like The Kings School within reach, complemented by a comprehensive medical center. Accessibility is another strong point; the property enjoys excellent transport links with the A30 and M5 easily reachable, as well as rail services connecting to London Waterloo. Proximity to Exeter city center and its international airport adds further convenience for commuters or those seeking urban amenities while enjoying the charm of this historic Devon town. Overall, this property offers significant renovation potential in a location ripe for investment growth.

Investment Analysis

(EX11 area)

Below Market Value

This property is priced -37.4% below area average per sq ft

-37.4%
Potential saving
This Property
£224/sq ft
Area Average
£358/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£334,009
10% above area average per sq ft
Potential ROI
+42.1%
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
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

Riverside View, Ottery St Mary
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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
£696
Based on a loan of £142,500 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