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Okehampton Road, Exeter

South West

£270,000

Listed on 20/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1002 sqft

Description

This three-bedroom mid-terrace home in St Thomas is an exciting prospect for those looking to invest in a refurbishment project. With a spacious layout spread across two floors, the property presents a great opportunity for modernization throughout. The ground floor features an entrance hall leading to a bay-windowed sitting room and a separate dining area, both of which could be transformed into contemporary living spaces. At the rear, the sizable kitchen/breakfast room offers access to a lean-to and a garden, providing versatility for future enhancements. Upstairs, you will find three bedrooms, including a large principal bedroom with another bay window, alongside two additional bedrooms suitable for various uses such as guest rooms or workspaces. The family bathroom completes this level, but it too could benefit from updating. Externally, the property boasts a generous rear garden and an extra piece of land housing a garage along with three greenhouses — perfect for expanding outdoor living or even creating additional storage solutions. Situated on Okehampton Road in Exeter’s desirable residential area, this home allows easy access to local amenities, schools, and public transport links. Its proximity to major road networks ensures convenience for commuters while offering nearby parks and riverside walks for leisure activities. This property is offered with no onward chain, making it particularly attractive for those ready to take on a renovation project.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -18.4% below area average per sq ft

-18.4%
Potential saving
This Property
£269/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£284
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£364,112
10% above area average per sq ft
Potential ROI
+13.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -2.1%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on EX4 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

Okehampton Road, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£963
Based on a loan of £202,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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