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Wick, Honiton

South West

£200,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
793 sqft

Description

This three-bedroom semi-detached property, situated on a spacious quarter-acre plot, presents an excellent opportunity for renovation and investment. Boasting elevated rural views within the Blackdown Hills National Landscape, the home offers a blank canvas waiting for modernisation. Its current condition includes traditional rendered elevations thought to be brick and single glazed metal frame windows. The layout features an entrance hall leading to a sitting room with a fireplace and picturesque views, alongside a kitchen/breakfast room with direct access to the rear garden. The first floor houses three bedrooms and a family bathroom. Outside, the generous grounds include sloping lawns with trees, hedging, and even a small stream at the base of the garden—ideal for outdoor enhancements. While the property requires significant updates throughout, it is perfectly positioned to benefit from local amenities in nearby Honiton and excellent transport links to Exeter and beyond.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -22.3% below area average per sq ft

-22.3%
Potential saving
This Property
£252/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£283,018
10% above area average per sq ft
Potential ROI
+1.1%
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

Wick, 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
£733
Based on a loan of £150,000 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