2-bedroom flat · EX14 1FD
Listing removedListed 360 days
Opportunity summary
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About
A beautifully presented two bedroom first floor retirement apartment with private balcony.
This superb first-floor retirement apartment is presented in excellent condition throughout, offering stylish, comfortable, and convenient living within a well-regarded development.
Ideally positioned near both the lift and stairs, the property allows for easy access while maintaining a peaceful and private setting.
Notably, this is one of only a few apartments in the building to benefit from a larger kitchen with a window, enhancing both light and ventilation.
The current owners have further improved the home with highquality flooring and elegant window coverings throughout.
Accommodation Comprises: Living Room A bright and spacious living area offering ample room for both seating and dining furniture.
Dual aspect windows flood the space with natural light, while a door opens directly onto the private balcony, providing the perfect spot to enjoy fresh air and open views.
Kitchen Accessed via the living room, the modern fitted kitchen features a comprehensive range of wall and base units with complementary work surfaces and tiled splashbacks.
Appliances include a built-in waist-height oven, four-ring electric hob with extractor hood, fridge/ freezer, and washer/dryer.
A window provides additional natural light and ventilation—an uncommon and desirable feature in this development.
Bedroom One A generous double bedroom with a built-in mirrored wardrobe and ample space for further furniture. The large window ensures the room remains bright and welcoming.
Bedroom Two Currently used as a formal dining room, this versatile space could easily serve as a guest bedroom, study, or hobby room, depending on individual needs.
Shower Room Fitted with a walk-in shower with handrail, heated towel rail, WC, and vanity unit with inset wash basin.
Separate Cloakroom A practical addition, featuring a WC, wash hand basin, and heated towel rail.
Additional Storage Two useful storage cupboards are conveniently located off the hallway, providing excellent space for coats, cleaning equipment, and household essentials.
Key Features • Two well-proportioned bedrooms • Bright and spacious living room with private balcony • Modern fitted kitchen with window and integrated appliances • Walk-in shower room and separate WC • Excellent decorative order throughout • Conveniently located near lift and stairs • Two hallway storage cupboards • Quality flooring and window coverings • Offered in a sought-after retirement development Otter Lodge lies in the heart of the bustling market town of Honiton in Devon.
In a prime position to explore the local area, Otter Lodge is the ideal place to enjoy a low maintenance yet active lifestyle.
Within a short walk of the Lodge is a Spar convenience store for everyday essentials and the main shopping area along the High Street offers a selection of charming cafes, restaurants and independent retailers.
A traditional street market is held three times a week offering fresh produce, plants, clothing, jewellery, crafts and antiques.There are a number of high street stores in Honiton including Boots, WHSmith, M&S Simply Food, Aldi and a Tesco Superstore as well as independent stores and a variety of cafes and restaurants in which to relax.
For everyday banking there is a Post Office in the town centre together with several banks and building societies.
With a medical centre, local Hospital and opticians nearby you have everything you need on your doorstop.
Honiton sits on the River Otter and is located in East Devon’s Area of Outstanding Natural Beauty which boasts many local beauty spots including magnificent Iron Age Hembury Fort and Blackbury Camp.
The Jurassic Coast at Seaton or Beer is a short drive away from Honiton and makes for a great day out with friends and family whilst the Regency town of Sidmouth offers events all year round, so there is always plenty to do.
THE BUILDING The Lodge manager is on hand throughout the day to support the owners and keep the development in perfect shape.
They arrange many regular events in the Owners’ Lounge from coffee mornings to games afternoons. A Guest Suite is available for your friends and family to stay in.
In addition, you are entitled to use of the Guest Suites at all Churchill Living developments across the country. Prices are available from the Lodge Manager.
Otter Lodge has been designed with safety and security at the forefront.
The apartment has an emergency Careline system installed, monitored by the onsite Lodge Manager during the day and 24 hours, 365 days a year by the Careline team.
A Careline integrated intruder alarm, secure video entry system and sophisticated fire and smoke detection systems throughout both the apartment and communal areas provide unrivalled peace of mind.
Otter Lodge is managed by the award winning Churchill Estates Management, working closely with Churchill Living and Churchill Sales & Lettings to maintain the highest standards of maintenance and service for every lodge and owner.
Otter Lodge requires at least one apartment resident to be over the age of 60 with any second resident over the age of 55. Service Charge (Year Ending 28th February 2026): £3,284.08 per annum.
Service charges include: Careline system, buildings insurance, water and sewerage rates, communal cleaning, utilities and maintenance, garden maintenance, lift maintenance, lodge manager and a contribution to the contingency fund.
Ground Rent: Not Collected at this development Council Tax: Band C 999 year Lease commencing 2024 Please check regarding Pets with Churchill Estates Management.
Any consents given in relation to pets are subject to the terms of the lease and any further rules and regulations made by Churchill Estates Management.
Value & comps
No previous sales on record.
Returns
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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.
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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.
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About Silver Street, Honiton, Devon, EX14
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