2-bedroom bungalow · EX14 2HR
For saleReduced £20k (−5.7%) on 13 OctListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom detached bungalow situated in an extremely sought after residential location a short walk from Honiton High Street.
A delightful two bedroom detached bungalow which would now benefit from some cosmetic updating.
The property includes an entrance porch, hallway, a double bedroom, a single bedroom, modern shower room, lounge, kitchen/breakfast room and a timber conservatory.
The property further benefits from gas central heating and double glazing throughout.
The property enjoys a favourable elevated position within the highly regarded Pine Park area of Honiton, well positioned for access to the facilities in the historic town which is well served with shops, schools, restaurants and public houses, as well as a main line rail station and sports centre.
The property is less than 5 minutes’ walk to local beauty spot known as The Glen.
Honiton enjoys excellent communication links with the A30 dual carriageway providing easy access to the cathedral city of Exeter and the M5 motorway, as well as the A303 Exeter/London trunk route.
An international airport is available at Exeter. A real feature of this property is its outside space.
The property sits in the centre of a very generous plot with huge scope to extend (subject to planning and associated regulations being met).
To the front is a driveway leading to the front porch and single garage, a large lawn with well planted beds.
To the rear is a patio area with a lawn, well stocked borders, access to the side and a timber summer house to the rear.
The bungalow affords stunning far reaching views from the south and westerly elevations.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 26, Pine Park Road, Honiton
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