1. ITV Report

House where Exeter triple killer claimed first victim sells below asking price

The property was sold for less than its asking price. Credit: ITV News West Country

The house in Exeter where triple killer Alexander Lewis-Ranwell claimed his first victim has sold for less than its asking price.

The dilapidated terraced house in Bonhay Road has been bought by investors for £138,000 - which is £22,000 less than the asking price.

The property was previously home to pensioner Anthony Payne, who was killed in February earlier this year by Lewis-Ranwell.

The 28-year-old, a paranoid schizophrenic who mistakenly believed Mr Payne was a paedophile, killed the pensioner in his bedroom using a hammer.

Alexander Lewis-Ranwell.

Mr Payne’s body was discovered on February 11 and his house subsequently became the centre of a murder investigation.

It was cordoned off by police for several weeks and wooden boards were put over the windows and doors.

In August, the three-bedroom property was put up for sale for £160,000 by estate agents Watts & Sons.

Prospective buyers made offers through a sealed bid process and the agents, now called Diamond Estate Agents, have confirmed it was sold for £138,000.

Police cordoned off the property in Bonhay Road following Mr Payne's death. Credit: ITV News West Country

The agents revealed the house - which has remained empty since Mr Payne’s death - had been bought by investors who were intending to refurbish it.

All the people who looked at the house were investors. It is a major project.

– Diamond Estate Agents

Following Mr Payne’s murder, Lewis-Ranwell exited the property via the back garden and walked to Cowick Lane, where he claimed his next victims.

He entered a detached property belonging to twins Dick and Roger Carter, aged 84, and killed them both using a spade.

During a subsequent trial at Exeter Crown Court, Lewis-Ranwell admitted killing the three elderly men but was found not guilty of murder by reason of insanity.

He has been placed under the care of doctors at Broadmoor High Security Hospital and will not be let out until it is safe to do so.