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Millhead Road, Honiton, Devon, EX14 - Image 1
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Millhead Road, Honiton, Devon, EX14

South West

£280,000
Listed on 13/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
985 sqft

Description

This spacious link detached family residence presents a remarkable opportunity for renovation and investment. Recently made available with no chain, this property has remained within the same family since its construction nearly 60 years ago, showcasing its potential for transformation. The layout includes an entrance hallway featuring a convenient downstairs WC, leading into a living/dining room that is ready for a revamp. The adjacent kitchen serves as another area ripe for modernisation. On the first floor, you will find two generously sized double bedrooms, a single bedroom, and a family bathroom that requires upgrading. With gas central heating and double glazing already in place, the foundation is set for your personal touch. Located in proximity to Honiton's bustling amenities—including shops, schools, restaurants, and key transportation links—the property also offers easy access to the A30 and beyond. A front lawn with driveway adds to the curb appeal, while a secluded rear garden with patio area invites possibilities for outdoor enhancement. This home truly provides blank canvas potential in a desirable location.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -12.4% below area average per sq ft

-12.4%
Potential saving
This Property
£284/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
£351,542
10% above area average per sq ft
Potential ROI
+9.9%
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

Millhead Road, 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
£1,026
Based on a loan of £210,000 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