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Okehampton Road, Exeter EX4

South West

£270,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1002 sqft

Description

This three-bedroom mid-terrace home in St Thomas presents a compelling opportunity for those looking to invest in a property with considerable refurbishment potential. The layout, encompassing two floors, is traditional yet adaptable, allowing for various updating possibilities that can significantly enhance its value. The ground floor features an entrance hall leading into a bay-fronted sitting room and a separate dining room, offering two distinct reception spaces. At the rear, you'll find a spacious kitchen/breakfast area with access to a lean-to and the garden, as well as a WC. Upstairs hosts three bedrooms, including a sizable principal room with a bay window, alongside another double bedroom and a versatile single room ideal for different configurations such as a nursery or office. A family bathroom rounds out this floor. Externally, the generous rear garden is complemented by additional land that includes a garage and three greenhouses—perfect for gardening enthusiasts or further development opportunities. Located in a well-connected area of Exeter with ample local amenities and good transport links, this property is devoid of an onward chain and awaits your personal touch to realize its full potential.

Investment Analysis

(EX4 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£269/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£288
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£362,018
10% above area average per sq ft
Potential ROI
+18.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -1.7%
5 year growth: +10.6%
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 EX4
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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
£1,020
Based on a loan of £202,500 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

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