2-bedroom flat · EX14 1EL
For saleReduced £10k (−5.7%) on 29 AugListed 111 days
Opportunity summary
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About
Situated within the sought-after Taylor Wimpey development, this well presented second floor apartment offers an entrance hall, open plan living/kitchen area, two double bedrooms with en suite to the principal, and a family bathroom.
Externally, the property benefits from two allocated parking spaces. No onward chain. A secure communal entrance provides access to this well presented second floor apartment.
From the private front door, the welcoming hallway offers useful built-in storage and leads to all principal rooms.
The bright, dual-aspect open plan living space incorporates a contemporary fitted kitchen complete with integrated appliances, creating an ideal area for both relaxing and entertaining.
There are two generous double bedrooms, both with built in wardrobes, with the principal bedroom benefiting from a modern en suite shower room, in addition to a stylish family bathroom fitted with a shower over the bath.
Outside, residents can enjoy a communal garden with seating, while the property also benefits from two allocated parking spaces. Material Information: Tenure: Leasehold.
Lease: 125 years commencing 01.01.2021 Service Charge: £2054.50 per annum. Payable to Remus Management Limited. Services & Heating: Mains electric, gas, water and drainage. Gas central heating.
Parking: Communal parking with allocated space. Location: Oaklea House is part of the new Taylor Wimpey development at Mountbatten Mews.
It benefits from easy access to the A30 which in turn gives good links to the M5 and Exeter Airport.
Honiton has many amenities including supermarkets, independent traders, regular street market, Primary Schools and a Secondary School, active community centre, library, leisure centre with swimming pool and gym, doctors surgery and hospital as well as a railway station with regular services to Exeter and London Waterloo.
Directions: What3words: What3words: ///truth.salsa.dawn
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.
Area
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FAQ
About Apartment 12,, Oaklea House, Sion Close
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