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Lyme Road, Axminster

South West

£375,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1389 sqft

Description

This extended three-bedroom property presents a compelling opportunity for those looking to invest in a renovation project. Set off Lyme Road, the home has been cherished by a single family for nearly 65 years, highlighting its potential as a long-term residence or rental. The ground floor has been expanded, offering versatile living spaces with multiple reception rooms that can be reimagined to suit modern needs. The accommodation is organized around a central hallway and includes a formal dining room with an inviting fireplace, an adjoining kitchen that features ample units and space for appliances, as well as a bright family room that looks out onto the gardens. The first floor comprises three bedrooms and a family bathroom, ideal for a growing family. Outside, the property benefits from established gardens with a lovely selection of mature shrubs and multiple seating areas alongside the driveway leading up to the garage. The attractive rear garden is well maintained, featuring additional amenities such as a greenhouse and pond. Located just half a mile from Axminster town centre and within walking distance of schools, this property offers convenience alongside its renovation potential. With nearby access to stunning coastal areas like Lyme Regis and Seaton, this home provides not only space but also lifestyle options for its future occupants.

Investment Analysis

(EX13 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£270/sq ft
Area Average
£313/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£478,156
10% above area average per sq ft
Potential ROI
+12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX13)

Area prices are rising by +11.5% over the last 12 months
3 year growth: +10.4%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on EX13 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

Lyme Road, Axminster
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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
£1,338
Based on a loan of £281,250 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.

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