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Stockland, Honiton

South West

£525,000
Listed on 26/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1008 sqft

Description

This quaint rural cottage offers a unique investment opportunity, situated on approximately 0.36 acres of land with scenic countryside views. Nestled within the tranquil hamlet of Millhayes, it is conveniently located near open fields and bordered by an area recognized for its natural beauty in the Blackdown Hills National Landscape. The nearby village of Stockland, just 1.2 miles away, features essential amenities including a primary school, a communal village hall, and a popular pub. Both Honiton and Axminster are accessible for additional shopping and transport links to London Waterloo. The property itself is built from charming stone, topped with a slate roof that imbues it with character. While it includes original features such as timber windows and traditional fireplaces in the sitting and dining rooms, the interior would greatly benefit from updates to realize its full potential. The adaptable layout encompasses a ground floor en suite bedroom along with two additional bedrooms and a family shower room on the first floor. Externally, the property provides parking space for two vehicles along with a garage or carport. The expansive gardens are well-established, featuring mature hedges, shrubs, and trees that create a serene outdoor space ideal for enhancement or gardening projects. Additionally, there is a substantial stone barn which could offer further development potential depending on planning permissions. With mains water and electricity connections in place, alongside private drainage via septic tank yet to be tested, this property represents an exciting chance to invest in an idyllic rural retreat with scope for significant renovation.

Investment Analysis

(EX14 area)

Above Market Value

This property is priced +60.1% above area average per sq ft

+60.1%
This Property
£521/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£360,804
10% above area average per sq ft
Potential ROI
-37.3%
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

Stockland, Honiton
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 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.

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