Okehampton Road, Exeter
South West
£195,000Guide Price
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1002 sqftFeatures
- Garage
- Garden
Description
Offered at auction, this freehold Victorian mid-terrace in St Thomas has three bedrooms and a traditional two-storey layout. The ground floor includes an entrance hall, a bay-fronted sitting room, a separate dining room, and a kitchen/breakfast room with access to a lean-to, a separate WC and the rear garden. Upstairs are two double bedrooms, a third bedroom and a family bathroom.
Outside, the property has an enclosed rear garden and a separate parcel of land beyond the rear service road, where the listing notes a detached garage and three greenhouses. The house is described as requiring renovation and modernisation, providing scope for a buyer to update the existing accommodation. Exeter city centre is around three-quarters of a mile away, with local shops, schools, public transport and access to the A30 and M5 nearby. The property has gas central heating, mains water and drainage, and an EPC rating of D.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
77out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £195,000, this three-bedroom Victorian terrace is priced at about £195/sq ft against a local average of £328/sq ft, making the asking price a clear acquisition opportunity. The dated interiors and overgrown garden offer scope for a light refresh, with the listing also highlighting two garden areas and a detached garage. The visible front elevation and roof covering appear generally intact, and the property is around three-quarters of a mile from Exeter city centre.
The £8,000–£18,000 renovation range gives a useful indication of the project’s scale; the engine’s £208,000 midpoint illustration is a purchase-plus-renovation comparison, not a GDV or an all-in figure. The listing is being sold by online auction at a £195,000 guide price; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Acquire at a guide/asking level well below the local average price per square foot.
- Refresh the dated decoration and flooring across the visible interiors, including the kitchen and bathroom finishes.
- Clear and improve the overgrown garden areas, with the detached garage adding a distinctive feature.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£737
Based on a loan of £146,250 over 30 years at 4.45% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-27.8% since listed
£195,000£75,000(-27.8%)
19/10/2026£270,000Initial listing
20/05/2026Services
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