3-bedroom detached house · EX11 1TB
For saleReduced £10k (−2.8%) on 12 SepListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to purchase this extended 3-bedroom detached house located in a popular residential area in the much favoured town of Ottery St Mary.
The property, which is in need of modernisation, is located on a wide plot and offers further potential subject to the necessary consents.
The accommodation comprises: Entrance porch, entrance hallway, lounge with ornamental fireplace, extended kitchen/dining room, fitted with a range of wall and base units, built-in oven and hob, worktop surfaces.
There is also a cloakroom. On the first floor there are 3 bedrooms, two have a range of built-in wardrobes, the third bedroom has a built-in cupboard and there is a family bathroom suite.
The property has gas central heating and double-glazed windows. No chain. Viewing is recommended to appreciate the potential this property offers.
The outside To the front of the property is a lawned garden, a driveway offering parking that leads to the garage (5.22m x 2.62m) up and over door light, power and personal door.
To the side of the garage is a carport and this opens into the rear garden, with 2 large paved patio areas and shrubs.
Directions From the town centre, proceed along Jesu Street onto Yonder Street, continue along and turn left onto Kennaway Road, take the first left into Patterson Drive and the property is on your right.
Location Ottery St Mary, home of the world-famous ‘Tar Barrels’, is one of the oldest and most historic towns in Devon and boasts an array of amenities including a range of independent shops – butcher, bookshop, florist, chemist, supermarket, library etc.
There is an excellent range of schools, including The Kings School and a first-class medical centre.
The town also has excellent road and rail links with access to the A30, M5 and London ‘Waterloo’ line only a short drive away. The City of Exeter and its International Airport are also close by.
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
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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
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FAQ
About 3 Patteson Drive, Ottery St Mary
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