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See how verdicts work2-bedroom flat · EX14 2EB
For saleReduced £30k (−17.6%) on 25 OctListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and spacious two-bedroom, top-floor apartment situated in a modern, purpose-built building in close proximity of the town, with countryside views.
Situation - Carrington Place is located on the southern edge of Honiton, within walking distance of the town’s mainline rail station and its historic high street.
Honiton is famed for its specialist antique and book shops and lies at the gateway to the Blackdown Hills, an Area of Outstanding Natural Beauty.
The stunning Jurassic Coast at Sidmouth, a designated World Heritage Site, is just 10 miles away.
The area benefits from excellent transport connections, including direct rail services from Honiton Station to London Waterloo.
The nearby A30 provides quick access to Exeter, just 16 miles west, offering extensive amenities, an international airport, and a connection to the M5 motorway.
Description - A bright and spacious two-bedroom, top-floor apartment situated in a modern, purpose-built building.
Overlooking the historic market town of Honiton, this property features an open-plan kitchen, a bay-fronted living room, and two double bedrooms, both with fitted wardrobes and one with an en suite.
Offering elevated countryside views, it provides a serene living environment paired with modern convenience.
Additional highlights include reserved parking, landscaped grounds, and proximity to excellent transport links, making it ideal as a primary residence, holiday home, or investment opportunity.
Services - The apartment is serviced by mains water, drainage and electricity. Electric heating. Full fibre broadband available. Please note, there is no lift in the building.
Lettings Note - If you are considering investing in a Buy To Let or letting another property and require advice on current rents, yields or general lettings information to ensure you comply, please contact a member of our lettings team on .
Directions - From Honiton High Street, turn into New Street towards the rail station. Continue past the shops and up the hill, passing the station on the right-hand side.
Carrington Place will be visible on the left-hand side. For viewing arrangements, contact Stags, Honiton at .
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Carrington Place, Lilley Walk, Honiton
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