2-bedroom bungalow · EX14 2YP
Sold STCReduced £25k (−6.7%) on 12 AugListed 100 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bradleys are pleased to offer to the market this detached bungalow within an established and popular residential area of Honiton.
Well-presented throughout with accommodation briefly comprising hallway, WC, modern kitchen and shower room, living room, study/bedroom 3 and two double bedrooms.
Easy maintenance garden, single garage with driveway and EV charging point.
Description: Opening the front door, a welcoming entrance hall provides access to all rooms including the cloakroom and useful storage cupboards.
The stylish fitted kitchen is well appointed with a range of contemporary units, work surfaces and space for appliances.
The living room enjoys a rear aspect overlooking the garden with ample room for both relaxing and entertaining, centred around a feature fireplace.
The room currently used as a study has double doors opening out to the rear garden. This has flexibility to also be used as a dining room or third bedroom.
There are two double bedrooms with the principal bedroom benefiiting from fitted wardrobes. There is also a modern fitted shower room.
Outside, the enclosed rear garden has been laid to paved patio ideal for easy maintenance and sitting out during fine weather, with some established planting.
There is a single garage with driveway and EV charging point located to the rear of the property. Material Information: Tenure: Freehold East Devon District Council. Tax Band D.
Services: All mains services Heating: Gas central heating. Parking: Driveway & Garage. EV charging point.
Agents Note: Vendor is buying a new build property with an estimated completion of November 2026.
Location: Heather Close is situated off Honeysuckle Drive within an established and popular residential area towards the outskirts of Honiton, yet convenient for Tesco and the town bus route.
Honiton has many amenities including various supermarkets, independent local traders, a regular street market, schools, active community centre, library, hospital and doctors surgery.
Easy road links to the A30 & A35 with the M5 accessible at Exeter, Cullompton & Taunton. There is also a regular train service to Exeter and London (Waterloo) as well as various bus services.
Directions: What3words: ///years.hotspots.reward
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.
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About 1, Heather Close, Devon
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