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See how verdicts work2-bedroom house · EX14 1FZ
Listing removedListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom retirement property for the over 55's, recently improved by the current owner, enjoying a convenient position within walking distance of the town centre.
Covered parking space and communal gardens. Available with no onward chain. An end of terrace retirement home suitable for the over 55's.
There is an on site manager and pull cords throughout for an emergency response.
An entrance hall leading to Lounge/dining room which enjoys a dual aspect providing light and airy accommodation, electric fire point with marble surround and mantle over, under stairs cupboard.
Rear Hall, ground floor cloakroom, fitted kitchen with space and plumbing for washing machine, integrated fridge with freezer drawer, oven, hob and extractor.
There are two bedrooms to the first floor, fitted wardrobes to bedroom one, shower room, airing cupboard. Allocated covered car parking space.
The property is well placed for access to the facilities on Honiton High Street. Early viewing recommended appreciating this competitively priced property. Agents note.
Since owning the property, the current vendor has replaced all the original storage heaters with modern ones and has replaced both the down stairs toilet suite and the upstairs shower room suite.
In the kitchen a new induction hob has also been installed. Available with no onward chain. Accessible to facilities in the historic market town of Honiton.
These are plenty of shops and restaurants and there is a sports hall with swimming pool. There is a train station and a Tesco store.
The A30 dual carriageway which by passes Honiton provides good access to the Cathedral City of Exeter and the M5 motorway.
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
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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
Agent & docs
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FAQ
About 5, Tremaine Close, Devon
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