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Elm Terrace, Honiton EX14

South West

£175,000
Listed on 27/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
904 sqft

Description

This spacious two-bedroom property, located in a sought-after central area, presents an excellent opportunity for renovation and modernization. The ground floor features a welcoming reception hall that leads into an open plan lounge and dining area, providing a versatile space ripe for updating. The adjoining kitchen offers potential for enhancement to create a contemporary cooking environment. On the first floor, you'll find two generously sized double bedrooms along with a separate WC and a large bathroom, all of which could benefit from refurbishment to maximize their functionality and aesthetic appeal. The property is equipped with double glazing and central heating, ensuring comfort as you undertake updates. Additionally, it boasts both front and rear garden spaces that could be transformed into attractive outdoor areas. Overall, this property holds significant promise for those looking to invest in its potential through thoughtful renovations.

Investment Analysis

(EX14 area)

Below Market Value

This property is priced -41.0% below area average per sq ft

-41.0%
Potential saving
This Property
£194/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£326,113
10% above area average per sq ft
Potential ROI
+55.3%
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
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

Elm Terrace, Honiton EX14
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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
£620
Based on a loan of £131,250 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.

Stamp Duty Calculator

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