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Millhead Road, Honiton, Devon EX14 - Image 1
Millhead Road, Honiton, Devon EX14 - Image 2
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Millhead Road, Honiton, Devon EX14

South West

£280,000
Listed on 15/12/2025

Property Details

Bedrooms
3
Type
Detached
Area
985 sqft

Description

This link detached family residence presents a unique opportunity for those looking to invest in a property with significant renovation potential. Having been owned by the same family for nearly six decades, this home is now ready for a new chapter. Although it requires modernisation, it offers a blank canvas that allows buyers to truly personalise the space. The ground floor comprises an entrance hall with a convenient downstairs WC, leading into a spacious living/dining area that connects to the kitchen. Upstairs, you will find two generous double bedrooms alongside a single bedroom and a family bathroom. The property boasts gas central heating and double glazing throughout, enhancing energy efficiency. Located in proximity to the charming town of Honiton, this home is well-served by local amenities including shops, schools, and recreational facilities, as well as good transport links via rail and road. The exterior features a front lawn and driveway, while the private rear garden benefits from established greenery and patio area, plus access to a garage. This property is ideal for those looking to create their dream family home or as an investment opportunity in a sought-after location.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -12.6% below area average per sq ft

-12.6%
Potential saving
This Property
£284/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£352,408
10% above area average per sq ft
Potential ROI
+10.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by -9.6% over the last 12 months
3 year growth: -9.6%
5 year growth: +7.6%
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

Millhead Road, 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
£1,010
Based on a loan of £210,000 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.

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