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Payhembury, Honiton, Devon

South West

£2,000,000
Listed on 02/04/2026

Property Details

Bedrooms
7
Type
Detached
Area
5668 sqft

Description

This extensive unlisted farm property is situated within a tranquil hamlet, presenting a unique opportunity for renovation and investment. Spanning approximately 15 acres, the estate includes a sizable farmhouse that currently accommodates seven bedrooms and six reception areas, making it suitable for multi-generational living or potential income generation through conversion into two separate units (subject to necessary consents). The farmhouse is rich in character, featuring original timber beams and fireplaces intermingled with modern enhancements. The ground floor showcases four adaptable reception rooms with an expansive open-plan kitchen/breakfast room equipped with traditional elements such as an Aga and bespoke cabinetry. Each wing of the house has its own entrance, enhancing independence. The upper level connects both wings via a home office and boasts multiple en-suite bedrooms as well as inviting communal spaces filled with natural light from numerous skylights. Accompanying the residence are diversified external facilities including equestrian paddocks, stables, and various outbuildings ideal for storage or potential workshop use. The beautifully landscaped gardens are surrounded by mature trees providing seclusion while also allowing scenic views of the East Devon countryside. Additionally, this property benefits from proximity to Exeter and Honiton, offering convenient access to essential amenities and transportation routes. This property holds significant refurbishment potential for those looking to enhance its charm while accommodating modern living needs.

Investment Analysis

(EX14 area)

Above Market Value

This property is priced +7.6% above area average per sq ft

+7.6%
This Property
£353/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£2,044,703
10% above area average per sq ft
Potential ROI
-3.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by -9.2% over the last 12 months
3 year growth: -10.4%
5 year growth: +4.9%
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

Payhembury, Honiton, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£7,084
Based on a loan of £1,500,000 over 30 years at 3.91% 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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