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St. John Close, High Street, Honiton, EX14

South West

£180,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
664 sqft

Description

This end-of-terrace home features two bedrooms and presents a unique opportunity for renovation and investment. With spacious interiors and a well-designed layout, it offers ample potential for those looking to personalize their living space or increase its value. Upon entering, you’ll find a welcoming living room equipped with a wood burner, creating a cozy ambiance for colder evenings. The kitchen provides generous space and overlooks the front garden, although it would benefit from modernization to fully realize its functionality. An adjacent side extension currently serves as storage but holds promise as a creative area—consider transforming it into an inviting dining room or additional living space. The upper level houses two comfortable bedrooms, including a particularly spacious master that can accommodate various furniture arrangements. The second bedroom is also of good size, while the bathroom includes a three-piece suite featuring a roll-top bath. Although functional, this area could greatly benefit from an upgrade to align with contemporary tastes. One standout feature is the sizeable garden located just across from the front of the property. This outdoor space is ideal for gardening enthusiasts or families seeking room for play and relaxation, complete with a shed for extra storage. Nestled in the market town of Honiton, this home enjoys proximity to an array of local amenities. From shops and cafés to essential services, everything you need is within easy reach. Families will appreciate the accessibility of well-regarded primary and secondary schools nearby. For commuters, Honiton’s mainline railway station provides convenient connections to Exeter and London Waterloo, while direct access to the A30 facilitates travel throughout the South West. With its blend of charm and investment potential, this property stands as an excellent choice for first-time buyers or those seeking a project in a thriving community setting.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -16.4% below area average per sq ft

-16.4%
Potential saving
This Property
£271/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£236,978
10% above area average per sq ft
Potential ROI
+15.6%
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

St. John Close, High Street, Honiton, 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
£659
Based on a loan of £135,000 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