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Ernsborough Gardens, Honiton, Devon EX14

South West

£225,000
Listed on 13/05/2026

Property Details

Bedrooms
2
Type
End Terrace
Area
873 sqft

Description

This charming two-bedroom end of terrace property, cherished over the years, is now poised for a modern transformation. While it has been well-maintained, it presents an excellent opportunity for those looking to infuse contemporary style and personal touches. With a simple addition of a stud wall, you can convert the layout to create a functional three-bedroom home. The ground floor features an entrance hallway with a convenient WC, leading to an open-plan lounge/diner and kitchen that opens into a conservatory – ideal for reimagining as an inviting space for entertaining or relaxation. Upstairs, you'll find two spacious double bedrooms and a bathroom, providing ample space for family or guests. Featuring double-glazed windows and night storage heating, this property is ready for its next chapter. Nestled in a convenient location near Honiton Primary School and the historic High Street with its variety of amenities including shops and restaurants, plus excellent transport links via the A30 and mainline rail services to Exeter, this property combines potential with practicality. Outdoors, enjoy your private garden complete with patio and lawn areas alongside a single garage offering extra storage or workshop space.

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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