3-bedroom semi-detached house · EX14 1AU
Listing removedListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A traditional three-bedroom semi-detached family home in need of complete modernisation, offered with vacant possession.
This much-loved home presents an exciting opportunity for buyers seeking a property with scope for improvement.
In need of full refurbishment, it offers a blank canvas to create a bespoke family home in one of Honiton’s most popular locations.
With generous accommodation, character features, and a substantial garden, the potential here is enormous (subject to any necessary consents).
Accommodation Ground Floor Entrance Hallway Open-plan Living/Dining Room Conservatory Kitchen with adjoining Pantry Downstairs WC First Floor Bright and airy landing Three good-sized bedrooms Family Bathroom The property benefits from double glazing and gas-fired central heating with radiators throughout.
Chusan enjoys a desirable setting on the southerly side of Exeter Road, offering both tranquillity and convenience.
Honiton, a thriving East Devon town renowned for its antique and literary heritage, offers a full range of amenities including national retailers such as Tesco, Boots, and TG Jones, along with independent shops, restaurants, schools, and a sports centre with swimming pool.
The town also benefits from a mainline railway connection to London Waterloo.
Communications are excellent, with the A30 dual carriageway providing swift access to the Cathedral City of Exeter (approx.
16.5 miles), where one finds a wealth of cultural, retail and transport facilities including a mainline station (London Paddington), theatres, galleries, and Exeter International Airport.
The celebrated Regency seaside town of Sidmouth lies just 9 miles to the south, with its charming esplanade, independent shops, and scenic coastal walks.
Highly regarded Colyton Grammar School—one of the UK’s top-performing state schools—is just 9.5 miles away, making this an ideal family home in a sought-after catchment area.
A real highlight is the outside space: Front: Walled and gated driveway leading to a large garage/workshop (approx. 28’ x 10’) with light and power.
There is also a lawned area that could be converted into additional parking, plus access to the rear garden and front door.
Rear: A substantial garden featuring a patio, lawn, fruit trees and mature borders. Attached to the garage are two useful outbuildings and timber shed, all requiring improvements.
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
Agent & docs
FAQ
About Exeter Road, Honiton, Devon, EX14
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