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Drewsteignton, Exeter, Devon, EX6

South West

£250,000

Listed on 22/06/2026

Property details

Bedrooms
4
Type
Terraced

Description

This partially residential and partially commercial property in Drewsteignton presents a noteworthy investment opportunity for those looking to undertake renovations. Comprising a sitting room, kitchen, four bedrooms, a bathroom, and a 300 sq ft shop space with an adjacent storeroom, this property is ripe for transformation. Additionally, there is a substantial 550 sq ft barn that adds further potential for diverse uses. Located in the heart of the village with on-street parking available, the Post Office overlooks the central square and is close to local amenities such as the Drewe Arms Community Pub. Its setting within a conservation area enhances its charm and aligns with local community values. The building features traditional rendered walls beneath a pitched slate and tile roof, contributing to its character. The ground floor consists of two separate entrances and includes both living spaces and former retail areas that have remained unoccupied for some time. The upper floor offers generous landing space leading to the bedrooms and bathroom—one of which boasts attractive views towards Teign Valley Gorge. The ample courtyard space at the rear is bordered by tall walls, creating both privacy and scope for additional landscaping or outdoor use. Given its mixed-use classification (residential and local retail), there is significant potential for reimagining both living quarters and business opportunities here. Prospective buyers are encouraged to explore planning possibilities for alternative uses while assessing renovation strategies to unlock this property's full potential.

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Investment analysis

(EX6 area)
Area Average
£352/sq ft
Avg Rent (weekly)
£271
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX6)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -10.3%
5 year growth: +1.6%
Investment Disclaimer: Analysis based on EX6 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

Drewsteignton, Exeter, Devon, EX6
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 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.

Stamp duty calculator

Next Steps

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