2-bedroom house · EX14 1UT
Listing removedReduced £10k (−5%) on 22 AugListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situation 5 Argus Close is situated in a small modern cul-de-sac location on the Eastern side of the bustling market town of Honiton, only a few minutes stroll from the towns High Street..
Honiton serves a large community and is particularly well-known as an antique and book centre as well as having most of the usual multiples such as Post Office, Boots and a variety of restaurants, schools, sports centre/swimming pool, golf club and direct main line rail link to London (Waterloo).
Honiton is also well served by local bus services.
The county town of Exeter, 16 miles to the West, has a comprehensive range of shopping and sporting facilities, theatres, art centre, main line rail link to London (Paddington) and an international airport together with M5 access.
The Regency coastal resort of Sidmouth lies some 9 miles to the south with its pebble beach (sand at low tide), long esplanade and range of independent shops.
The renowned Colyton Grammar School, one of Englands top mixed state schools, is situated about 9 miles away.
The property 5 Argus Close is a modern property that has been well-maintained and recently updated so is an ideal first time home or investment property.
It has modern gas central heating and upvc double glazed windows and doors.
The accommodation has an entrance lobby which leads into the bright and spacious sitting/dining room with a fireplace with an electric fitted fire.
At the rear of the property is a modern fitted kitchen/breakfast room with plenty of storage, electric oven and hob, space for fridge/freezer and a dryer.
On the first-floor are the well-proportioned 2 double bedrooms, the principle room has fitted storage and the bathroom has a modern white suite with an electric shower over the bath.
Outside The enclosed rear garden has been designed for ease of maintenance in mind and provides an ideal area to sit out in during fine weather. Rear gated pedestrian access.
To the front the garage is in the block which has fitted shelving, storage and useful under eves storage. For room sizes and dimensions please see floorplan.
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 advisors 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
FAQ
About 5, Argus Close Devon, Honiton
Explore nearby