5-bedroom detached house · EX14 3HZ
For saleListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Character Grade II listed farmhouse in need of modernisation with a courtyard of barns Situation - Set in a rural position just outside the hamlet of Luton, the property lies between the popular villages of Payhembury and Broadhembury, both offering a primary school and pub.
Ottery St Mary to the south provides access to The King’s School and the A30. Description - This substantial Grade II listed former farmhouse is of rendered stone, cob and brick beneath a slate roof.
Although dated 1857, the property is believed to be much earlier, with attractive examples of 19th century carpentry, including distinctive timber windows.
The accommodation includes a large front to back farmhouse kitchen with an oil-fired Rayburn set within a substantial fireplace.
There are two generous reception rooms, along with a dairy or store and a utility boot room.
The first floor, accessed via two staircases, offers five double bedrooms, a family bathroom and a separate shower room.
Outside - Wraparound gardens surround the farmhouse, enclosed by block and brick walls and laid mainly to lawn, with a large vegetable patch, two greenhouses and apple trees.
A large concrete yard is flanked by a C-shaped range of single and two storey barns, arranged as a workshop with loft, former parlour, shippon and calf houses.
There is also a double open-fronted garage. Services - Services. Mains water (tank to be replaced). Mains electric. Oil fired central heating (new oil tank required).
Private drainage (purchasers to install a treatment plant). Broadband up to 25 Mbps, mobile signal outside with Three, EE and Vodafone, none via O2 (Ofcom).
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 Payhembury, Honiton
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