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Roman Way, Honiton, EX14

South West

£190,000
Listed on 30/11/2025

Property Details

Bedrooms
1
Type
Detached house
Area
681 sqft

Description

Nestled in a tranquil and established neighborhood on the outskirts of Honiton, this one-bedroom detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. The single-level layout offers practical living arrangements and easy access to local amenities, making it an appealing choice for first-time buyers, retirees, or anyone seeking a manageable living space. The property features a welcoming entryway leading into well-defined living areas that are flooded with natural light. The spacious living room serves as the focal point of the home, providing ample room for both relaxation and dining. Large windows allow for generous views of the surrounding area, enhancing the overall sense of openness. The kitchen is functional but could benefit from modernisation; there is adequate worktop space and fitted units available. The double bedroom is comfortably sized, offering a peaceful retreat with space for personal furnishings. The bathroom meets essential needs but may require updates to align with contemporary standards. Externally, the property boasts a front garden alongside a driveway and garage, while the rear yard offers additional outdoor space that could be enhanced through landscaping or other improvements. This bungalow's location in Honiton, renowned for its market-town allure and excellent transport links, further elevates its investment potential. With local shops, amenities, and picturesque outdoor spaces nearby, this property is an excellent canvas for renovation endeavors.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -14.0% below area average per sq ft

-14.0%
Potential saving
This Property
£279/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£243,045
10% above area average per sq ft
Potential ROI
+10.5%
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

Roman Way, 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
£696
Based on a loan of £142,500 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