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High Street, Honiton, Devon, EX14

South West

£325,000
Listed on 28/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1377 sqft

Description

This three-bedroom home presents a valuable opportunity for those looking to invest in a property with significant renovation potential. While the residence has been cherished over the years, it is now primed for updates and personal touches, allowing you to customize the space to suit modern living preferences. The ground floor features a welcoming hallway that connects to a dining room and kitchen area, alongside a generously-sized living room complete with patio doors that lead out to a substantial rear garden. This outdoor space offers privacy and ample room for landscaping or outdoor entertaining, with an area perfect for relaxation and recreation. Upstairs, you will find three bedrooms, including one with an en-suite bathroom, as well as a family bathroom. Additionally, there is convenient access to the loft through a retractable ladder, providing potential for further expansion or storage solutions. Situated at the upper end of the High Street, this property enjoys close proximity to various local amenities including shops, cafés, and restaurants. Its location also benefits from easy access to public transportation via the main train line and is near recreational facilities such as a sports centre and swimming pool. The excellent road links provided by the A30, A35, and M5 make travel straightforward, while the stunning Jurassic Coast is easily accessible within a short drive. With its generous plot of 0.22 acres that includes not only the expansive private garden but also a useful outbuilding and garage along with ample parking space, this property is ideal for those looking to invest in both lifestyle and long-term value through thoughtful renovations.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£236/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£491,444
10% above area average per sq ft
Potential ROI
+31.1%
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

High Street, 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
£1,191
Based on a loan of £243,750 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