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Exeter Road

South West

£400,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1312 sqft

Description

This 3-bedroom detached house offers a significant opportunity for renovation and investment, situated conveniently near the center of Honiton. The property is set on a generous plot that includes both front and rear gardens, alongside a single garage and ample parking space. The home's location presents several advantages: it lies at the southern edge of the Blackdown Hills, an Area of Outstanding Natural Beauty, and is just 10 miles from the remarkable Jurassic Coast, a UNESCO World Heritage Site. Honiton itself is known for its diverse array of independent shops, cafes, and educational institutions, including two primary schools and secondary options. Excellent transport links are available with a direct rail service to London Waterloo from Honiton Station, while the A30 facilitates straightforward access to Exeter and the M5 motorway. Internally, the property requires refurbishment but has solid potential for transformation. The layout comprises a covered porch leading to an entrance hall that opens into a spacious sitting room featuring a bay window and a fireplace. The kitchen contains wall and base units with access to a rear porch. Adjacent is a dining room that connects through patio doors to a conservatory, providing views over the garden. Upstairs are three bedrooms along with a family bathroom; the master bedroom boasts a bay window and built-in cupboard space. Additionally, there is a sizable attic room accessible via ladder and loft hatch equipped with a Velux window. Outdoors, the south-facing rear garden is predominantly laid to lawn and includes utility storage with power supply—ideal for future upgrades or enhancements. The front of the property features landscaping that enhances privacy from the road while allowing parking for multiple vehicles. The home benefits from all mains services connected as well as high-speed fibre broadband availability (up to 1,000 Mbps). This property stands as an excellent opportunity for those looking to invest in or renovate in an increasingly desirable area.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -6.0% below area average per sq ft

-6.0%
Potential saving
This Property
£305/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
£468,246
10% above area average per sq ft
Potential ROI
+6.4%
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

Exeter Road
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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
£1,465
Based on a loan of £300,000 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