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Parkway, St Thomas, EX2

South West

£245,000

Listed on 22/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
1027 sqft

Description

This three-bedroom terrace property presents an excellent opportunity for renovation within a sought-after residential area. While it requires considerable modernisation, the spacious layout features good-sized living areas along with front and rear gardens. It is conveniently located near local amenities such as schools, shops, and public transport links. The property comes with no onward chain, making it easier to manage the buying process. The inside features a lounge, kitchen with potential for updates, a dining room with a gas fire, and a lean-to that connects to the garden. Upstairs are three bedrooms and a bathroom that would benefit from refurbishment. With limited firsthand information available regarding its condition and any past alterations, this property calls for thorough inspections and checks before purchase. An ideal project for investors or homebuyers looking to add value through renovations.

Investment analysis

(EX2 area)

Below Market Value

This property is priced -31.0% below area average per sq ft

-31.0%
Potential saving
This Property
£239/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£390,368
10% above area average per sq ft
Potential ROI
+39.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -7.5%
5 year growth: +7.0%
Investment Disclaimer: Analysis based on EX2 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

Parkway, St Thomas, EX2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£926
Based on a loan of £183,750 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

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