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Elm Terrace, Honiton, Devon, EX14 - Image 1
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Elm Terrace, Honiton, Devon, EX14

South West

£200,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
962 sqft

Description

This three-bedroom terraced home presents a promising opportunity for those looking to invest in a property with significant renovation potential. Located within close proximity to local amenities in Honiton, this residence has been well-maintained but is now ready for modernization and personal touches. The layout features a welcoming entrance hallway leading to both the lounge at the front and a separate dining area that connects to the kitchen, allowing for seamless everyday living. A utility lobby extends access to a WC and the garden space. On the upper level, you will find three bedrooms accompanied by a generously sized family bathroom. The property is equipped with double-glazed windows and gas central heating, providing a solid foundation that can be built upon. Additionally, the substantial attic space accessible via a hatch offers further potential for conversion or extra storage. Situated conveniently near Honiton Primary School and various shops, restaurants, and public services, this property also benefits from excellent transport links including access to the A30 and M5 motorway. The quaint rear garden adds character with its cottage-style feel while offering ample scope for landscaping or development according to your vision. This home is perfectly positioned for anyone eager to create their ideal living environment in a vibrant community.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -36.1% below area average per sq ft

-36.1%
Potential saving
This Property
£208/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£344,338
10% above area average per sq ft
Potential ROI
+53.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by +7.2% over the last 12 months
3 year growth: -9.1%
5 year growth: 8.4%
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

Elm Terrace, Honiton, Devon, EX14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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.

Next Steps

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