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Ernsborough Gardens, Honiton, Devon, EX14

South West

£225,000
Listed on 13/05/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
873 sqft

Description

This two-bedroom end of terrace house, cherished by its owners, is now poised for a transformation. While it has been maintained with care over the years, it currently requires modernisation to meet contemporary living standards. A unique opportunity exists to reconfigure the existing layout, potentially converting one of the generous bedrooms into a third by adding a stud wall. The ground floor features an entrance hallway with a WC, leading into an open plan lounge/diner and a kitchen that connects to a conservatory. Upstairs, you’ll find two sizable double bedrooms and a bathroom. Notably, the property benefits from double glazing and night storage heating. Situated within easy reach of Honiton Primary School and the local High Street brimming with shops and amenities, this home also enjoys excellent transport links via the A30 and M5 motorway, alongside access to Exeter's international airport. Outside, discover a quaint front pathway and gated side access, while the private rear garden boasts patio space, lawn areas with established borders, and a timber shed for added convenience. Completing this offering is an en-bloc single garage which includes light and power - an invaluable addition for storage or workshop use.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£258/sq ft
Area Average
£329/sq ft
Avg Rent (weekly)
£244
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£315,795
10% above area average per sq ft
Potential ROI
+26.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by -9.9% over the last 12 months
3 year growth: -11.3%
5 year growth: +2.6%
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

Ernsborough Gardens, Honiton, Devon, EX14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£803
Based on a loan of £168,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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