Worst House on the Street Logo
Wick, Honiton - Image 1
Wick, Honiton - Image 2
Wick, Honiton - Image 3
Wick, Honiton - Image 4
Wick, Honiton - Image 5

Wick, Honiton

South West

£265,000
Listed on 09/01/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
793 sqft

Description

This three-bedroom semi-detached home offers significant renovation opportunities and sits on a generous quarter-acre lot, providing a spacious canvas for potential improvements. The property is strategically positioned at an elevated location on the outskirts of Wick, beneath the historic Iron Age hill fort of Dumpdon. This setting not only grants stunning views across the Otter Valley but also places you within reach of the amenities provided by Honiton, a vibrant market town recognized for its rich history in lace making and antiques. Honiton boasts a diverse range of local services, including schools, recreational facilities, and specialty shops that cater to various interests. The town’s railway station provides direct access to London Waterloo, ensuring connectivity for both commuters and visitors alike. Quick access to the A30 facilitates travel to Exeter—home to a university, an international airport, and additional transport links via the M5 motorway and mainline rail services to London Paddington. To the north lies Taunton, while the south leads to the picturesque World Heritage Coastline. Nestled in the Blackdown Hills Area of Outstanding Natural Beauty, this property features sloping lawns dotted with trees and hedges, creating a serene outdoor space ripe for landscaping or development. The house itself requires modernization; it showcases rendered elevations under a likely asbestos slate roof and metal frame windows. Inside, you’ll find an entrance hall leading to a sitting room that captures magnificent views through its windows and features a classic fireplace. The kitchen/breakfast room opens onto the rear garden and includes a larder for additional storage. On the first floor are three bedrooms—two of which command lovely views—and a family bathroom that awaits refurbishment. Outside, parking is available for one vehicle with ample space for further development or enhancements. The extensive plot not only offers privacy but also includes a small stream along its boundary and comes with a useful timber shed for storage needs. Basic utilities include mains water and electricity along with private drainage through a new treatment plant shared with an adjacent property as of 2025. Additionally, ultra-fast fibre broadband is accessible via Gigaclear at speeds up to 1,000 mb/s. As this property falls under specific Devon restrictions due to its former designation by East Devon District Council, prospective buyers should seek further information from Stags regarding these conditions. This home presents not just living space but also considerable investment potential in an area known for its natural beauty and local charm—a rare find for those looking to create their own ideal residence in an enviable location.

Investment Analysis

(EX14 area)

Above Market Value

This property is priced +0.8% above area average per sq ft

+0.8%
This Property
£334/sq ft
Area Average
£332/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£26,500 - £66,250
10-25% of property value
Target Value
£289,211
10% above area average per sq ft
Potential ROI
-12.7%
After renovation
Monthly Sales
19
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (EX14)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 5.2%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on EX14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Wick, Honiton
Map showing location of Wick, Honiton
Open Map