2-bedroom house · EX4 8QP
Sold STCReduced £10k (−4%) on 9 AugListed 189 days
Opportunity summary
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About
This property is ideally positioned within the highly-sought after Honeylands Drive Retirement complex.
Tucked away overlooking the green to the front and with its own private South-Facing Garden to the rear, this property occupies one of the most desirable locations within the development.
As well as being well positioned this corner house enjoys a larger internal footprint than many of the properties, offers plenty of natural light and has been modernised to an exceptional standard.
The property has been completely refurbished throughout, including replacement of the kitchen and bathroom suites, along with the installation of modern air source heat pump central heating system.
The accommodation comprises an entrance hallway, open-plan lounge diner, kitchen, and a downstairs shower room, with stairs rising to the first floor where there are two bedrooms and a further bathroom.
Designed for comfortable, low-maintenance retirement living, the home offers practical features such as a wide staircase suitable for a stair lift and washing facilities on both floors, ensuring flexibility for both current and future needs.
Outside, there are well maintained communal gardens to the front and a south west facing rear garden, which is mowed by service providers.
External property maintenance is included within the management fee and there is also a communal car park for off-road parking.
With an on-site manager and bus links directly outside the development providing easy access to the high street, the property combines independence with everyday convenience.
Accommodation The front door opens into a welcoming entrance hallway which features a window to the side aspect and provides access to the lounge diner and the downstairs shower room, as well as stairs rising to the first floor incorporating built-in storage below.
The lounge diner is a light and comfortable reception space, benefiting from windows to both the front and rear aspects, with sliding doors opening directly out to the rear garden.
There is also ample room for both seating and dining.
A door opens into the kitchen which is well-appointed with a range of fitted wall and base units and worktop space, offering a practical area for everyday use.
Space is provided for various appliances, and a window and door located to the rear lead out to the garden.
The convenient downstairs shower room comprises a shower cubicle, a wash basin with a mixer tap over and vanity unit below, and a close-coupled WC.
To the first floor, the two bedrooms are both well-proportioned double bedrooms, each enjoying a pleasant outlook to either the front/rear aspects, and benefitting from large built-in cupboards, providing excellent storage space.
The bathroom is also located on the first floor and incorporates a three piece suite including a bath with a mixer tap over and a handheld shower head, a wash basin with a mixer tap over and a vanity unit below, plus a close-coupled WC.
Additionally, a frosted window faces the rear aspect. Outside To the rear of the property is a delightful enclosed garden, offering a private outdoor space ideal for relaxing or light gardening.
To the front, residents have use of a communal car park, and there is an attractive, well-kept lawn.
Property Information Tenure: Freehold (the vendors have informed us that the current monthly maintenance is £284.16). Council tax band: C.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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
FAQ
About 25, Honeylands Drive, Exeter
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