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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 for many years, presents a prime opportunity for renovation. While the property has been well-maintained, it now requires updating to meet modern standards. The potential exists to easily convert it into a three-bedroom home by adding a stud wall in the corner of bedroom one. Inside, the ground floor comprises an entrance hall with a convenient WC, leading to an open plan lounge/diner and a kitchen that connects to a conservatory. Upstairs, you will find two spacious double bedrooms and a bathroom. Additional features include double glazed windows and night storage heating. Situated within easy reach of Honiton Primary School and the vibrant High Street, this property benefits from proximity to local amenities such as shops, restaurants, and public houses, as well as excellent transport links including the A30 dual carriageway to Exeter and beyond. The external area includes a small front pathway with gated side access and a private rear garden complete with patio and mature borders. A single garage is also included for added convenience.

Investment analysis

(EX14 area)

Below Market Value

This property is priced -21.4% below area average per sq ft

-21.4%
Potential saving
This Property
£258/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£314,834
10% above area average per sq ft
Potential ROI
+25.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by -9.8% over the last 12 months
3 year growth: -12.0%
5 year growth: -0.5%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% 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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