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George Street, Honiton

South West

£182,500
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1002 sqft

Description

This semi-detached three-bedroom home presents a promising opportunity for renovation and investment, situated conveniently near the town center. Located just off Honiton High Street, it offers easy access to local amenities including cafes, supermarkets, and Allhallows Park. The property benefits from excellent communication links, with Honiton Station providing direct rail service to London Waterloo, and the A30 facilitating efficient road travel to Exeter. Exeter itself is a vibrant hub, featuring extensive shopping options, recreational facilities, and an international airport. Internally, the ground floor consists of a spacious living room at the front of the house and a kitchen at the rear that leads directly to the garden. A ground-floor bathroom adds convenience. Upstairs, you will find three adequately sized bedrooms that can be reconfigured or updated to increase living space or rental potential. Externally, the property features a front lawn garden with off-road parking for one vehicle and raised garden beds along the side. The south-facing rear garden is designed for low maintenance yet presents opportunities for further enhancement. It includes patio slabs and gravel areas, as well as a greenhouse and a detached outbuilding complete with storage space and an external W.C. All mains services are connected to the property, including gas-fired central heating. High-speed broadband options are available as well, making it suitable for modern living or rental demands. However, it's important to note that this property is constructed using pre-cast reinforced concrete (PRC) panels with a Mansard-style roof; buyers should seek specialist mortgage and insurance guidance. Overall, this property not only provides comfortable living space but also offers substantial potential for renovation or investment in an attractive location. Whether you’re considering it as a family home or as part of your investment portfolio, there’s considerable scope for value appreciation through updates or conversions.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -43.9% below area average per sq ft

-43.9%
Potential saving
This Property
£182/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
£357,609
10% above area average per sq ft
Potential ROI
+60.7%
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

George Street, Honiton
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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
£669
Based on a loan of £136,875 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