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See how verdicts work3-bedroom house · EX4 1EP
Listing removedReduced £75k (−27.8%) on 20 OctListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a three bedroom mid-terrace property in St Thomas, offering excellent potential for refurbishment and modernisation.
This established home benefits from a generous rear garden and a separate garage, making it an ideal purchase for buyers looking to add value or investors seeking a project in a well-connected residential area.
No onward chain. The property The accommodation is arranged over two main floors and requires updating throughout, providing a blank canvas for improvement.
On the ground floor, an entrance hall leads through to a bay-fronted sitting room at the front of the property, with a separate dining room positioned behind, offering a traditional layout with two reception spaces.
To the rear, there is a spacious kitchen/breakfast room with access to a lean-to, separate WC, and direct access to the garden.
On the first floor, there are three bedrooms, including a generously sized principal bedroom with a bay window to the front, a further good-sized double bedroom, and a third bedroom suitable as a single room, nursery or home office.
A family bathroom completes the first floor accommodation.
Externally, the property enjoys a rear garden and a further parcel of land on the far side of the rear service road, which currently contains a garage and three greenhouses.
The location Okehampton Road is a popular and well-established residential address on the western side of Exeter, offering convenient access to the city centre, local shops, and everyday amenities.
The area is well-served by public transport links and provides easy access to major road networks, including the A30 and M5, making it ideal for commuting.
Nearby amenities include schools, supermarkets, and St Thomas shopping precinct, while Exeter city centre offers a wide range of retail, dining and leisure facilities.
The property is also within reach of scenic walks along the River Exe and surrounding countryside, making it a highly practical yet well-situated location.
Services Local Authority: Exeter City Council Tax Band: C Tenure: Freehold Heating: Gas Central Heating Services: Mains water and mains drainage Energy Efficiency Rating: D Flooding- This is deemed to be low risk for rivers & seas and very low for surface water.
Internet- We understand that standard, superfast and ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps Mobile Phone signal - Several networks are currently displayed as available at the property.
Agent's note To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding.
We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers.
There is a nominal charge of £24 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request.
Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme).
It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 48, Okehampton Road, Exeter
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