We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · EX14 1PT
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain is this well-presented terraced house located in a popular residential area to the Eastern side of Honiton.
Freshly decorated and re-carpeted, the accommodation briefly comprises entrance porch, living room, kitchen, two bedrooms and bathroom.
Also benefits from driveway parking for up to two vehicles and a level rear garden.
Description: Front door opening into the entrance porch, ideal for coat and shoe storage, leading into the living room with feature fireplace, window to front aspect and stairs rising to the first floor.
The kitchen has a good range of units, work surfaces, built-in double oven and hob, integrated fridge, space for further appliances and access out to the rear garden.
On the first floor there are two bedrooms and a family bathroom fitted with a white three piece suite with shower over the bath.
Outside, there is a small front garden laid to gravel for easy maintenance. Driveway parking for up to two vehicles.
The level rear garden is enclosed by fencing and also laid for easy maintenance including patio and artificial grass. Also benefits from garden shed with power and rear access gate.
Material Information: Tenure: Freehold. East Devon District Council. Tax band C. Services: Mains electric, gas, water and drainage. Heating: Gas central heating. Kitchen appliances not tested.
Parking: Driveway parking.
Location: Roman Way is within a residential area on the Eastern outskirts of Honiton and within easy access to the town centre as well as road links including the A30, A35 and A303.
Honiton has many amenities including supermarkets and independent traders, primary and secondary schools, library, active community centre, doctors surgery and hospital, leisure centre with swimming pool and gym, various bus services and a railway station with regular services to Exeter and London Waterloo.
Directions: What3words: ///fell.dangerously.relay
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About 62, Roman Way, Devon
Explore nearby