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Smeatharpe, Honiton, Devon, EX14

South West

£385,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1514 sqft

Description

This four-bedroom attached cottage, situated in a sought-after rural village, presents a substantial opportunity for renovation and investment. Originally designed as a spacious family home, Rose Cottage has been adapted over the years to offer flexible living spaces for modern family needs. The ground floor features an inviting entrance porch leading to a large lounge, complete with an inglenook fireplace and wood burner, which adds character but could benefit from updating. The downstairs bathroom is conveniently located near the kitchen and dining room. Additionally, what was once a double garage has been transformed into a versatile area currently serving as a utility room, storage space, and home gym — an ideal spot for further enhancement or reconfiguration. Upstairs, you'll find four generously sized bedrooms along with a shower room that offers potential for cosmetic improvements. Key features include oil-fired central heating and double-glazed windows that are already installed. The property enjoys proximity to charming villages such as Churchinford and Upottery, both fostering vibrant community life with essential amenities like shops and pubs nearby. The larger towns of Honiton and Taunton provide diverse shopping, educational options, and strong transport links to the M5 motorway and mainline rail services. Externally, there is off-street parking available as well as a decent-sized side garden mostly laid to lawn — an excellent canvas for landscaping projects. With the rear housing the oil tank and central heating boiler, there’s ample opportunity to enhance outdoor spaces while maintaining practical utility access.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£254/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£540,339
10% above area average per sq ft
Potential ROI
+27.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -1.9%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on EX14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Smeatharpe, Honiton, Devon, EX14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,410
Based on a loan of £288,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE