2-bedroom house · EX14 9DS
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SITUATION The Reading Room is situated in the heart of the conservation village of Stockland; a much sought-after village located in the Blackdown Hills National Landscape.
There is a vibrancy to the village with the village hall offering lots of social events and activities, along with a well respected primary school, pre-school, wonderful public house and ancient Church.
About 3 miles to the South is the village of Dalwood with a community run shop and popular public house.
Approximately 6 miles to the South West is the busy market town of Honiton which has a variety of shops including many antique shops, sports centre/swimming pool and mainline rail link to London (Waterloo).
The Cathedral City of Exeter lies some 22 miles to the west with an excellent shopping centre, sport and leisure facilities, mainline rail link to London (Paddington), M5 access and international airport.
The picturesque World Heritage Jurassic Coastline at Lyme Bay is about 9 miles to the south and is a popular destination with stunning coastal walks.
THE PROPERTY The Reading Room is a charming two double bedroom attached cottage that is situated right in the heart of the desirable East Devon village of Stockland.
The property has undergone an extensive renovation programme which has resulted in the exceptional cottage we find today.
The gas centrally heated and double-glazed accommodation has a lovely sitting room with exposed ceiling beams and a staircase to the first-floor.
There is a superb fitted quality bespoke kitchen with granite worktops, Neff slide and hide oven, induction hob, integrated washer/dryer, fridge, freezer and dishwasher.
On the first floor are the two double bedrooms, the principal bedroom has lovely vaulted ceilings and views out to the garden.
There is a modern vaulted shower room with a velux window, step-in shower and quality fittings.
OUTSIDE The enclosed walled garden is at the front of the cottage and has an area of artificial grass which provides a perfect place to sit out and bbq during fine weather.
There is also an area of shingle for ease of maintenance. SERVICES Mains electricity, water and drainage. Calor Gas centrally heated. LOCAL AUTHORITY East Devon District Council - .
Band: C ENERGY PERFORMANCE CERTFICATE Rating: F TENURE Freehold FLOOD RISK Flood risk information can be checked through the following: gov.uk/check-long-term-flood-risk BROADBAND & MOBILE The seller has advised us that broadband is available.
Broadband availability at this location can be checked through: checker.ofcom.org.uk/ Mobile coverage can be checked through: checker.ofcom.org.uk/en-gb/mobile-coverage
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Stockland, Honiton, Devon
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