6-bedroom house · EX11 1DX
For saleReduced £45k (−7.6%) on 17 SepListed 202 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire this spacious four-bedroom home with an adjoining two-bedroom annexe, situated in the highly sought-after town of Ottery St Mary.
The main house offers well-proportioned accommodation comprising an inviting entrance hallway with an attractive tiled floor, a comfortable living room featuring an ornamental fireplace, and a separate dining room.
The kitchen is fitted with a range of units, worktop surfaces, a built-in oven and hob with extractor hood over, and a tiled floor.
In addition, there is a useful utility room, study/garden room and a ground floor cloakroom/shower room. On the first floor, there are four bedrooms along with a family bathroom.
The property further benefits from gas central heating. The annexe enjoys its own independent entrance and is arranged on a single level.
The accommodation comprises two bedrooms, a living room, a kitchen fitted with a range of base units and worktop surfaces, and a shower room.
This versatile space is ideal for multi-generational living or guest accommodation and could, subject to the necessary consent, be incorporated into the main house.
Viewing is highly recommended to fully appreciate the space and flexibility this home has to offer. Offered for sale with no onward chain.
The outside The property benefits from two driveways, one of which includes a carport. To the right-hand side, steps lead down to the annexe, where there is a small lawned garden featuring a pond.
To the rear of the main house, you’ll find an enclosed garden with a lawned area, a circular patio, and well-stocked borders filled with a variety of plants and shrubs.
There is also an outbuilding (5.69m x 3.02m) with double doors to the front and a pedestrian door to the rear.
Directions From the town centre proceed via Silver Street and Paternoster Row, turn right onto Ridgeway, continue along and the property is on your left.
Location Ottery St Mary is a popular and historic East Devon town, well known for its beautiful countryside, strong community spirit and excellent local amenities.
The town offers a good range of independent shops, cafés and pubs, along with a supermarket, medical centre and well-regarded schools.
There are plenty of opportunities for walking and outdoor activities in the surrounding countryside, while the nearby A30 provides quick access to Exeter, Honiton and the M5, making it a convenient location for both families and commuters.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Ridgeway Dairy Farm, Ridgeway, Ottery St Mary
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