We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · EX14 1FD
For saleListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Apartment 9 is a ground floor apartment, enjoying a patio and includes fitted carpets within the Otter Lodge development.
Otter Lodge is a beautiful collection of 57 one and two bedroom apartments exclusively for the over 60s.
The Lodge benefits from a communal Owners’ Lounge with a coffee bar, and a Guest Suite for visiting friends and family to stay.
The attractive communal gardens provide you with outside space to enjoy with your neighbours. At Otter Lodge, you can say goodbye to maintenance.
The communal upkeep and maintenance of the development including the gardens are all taken care of for you.
You can forget about all those irritating, time-consuming jobs when you move into your new apartment.
Your Lodge Manager will be on hand, and activities are organised to take part in if you choose, giving you a ready made social life when you want it, and the option of peace and quiet whenever you like.
The choice is yours.
We understand that safety and security is of paramount importance to our customers, living in a Churchill apartment means you'll be able to close your front door in complete confidence knowing that your apartment will be safe.
Otter Lodge is designed with you in mind.
Your own apartment gives you privacy, when you want it, but a communal Owners’ Lounge opens up a whole new social life with like-minded neighbours when you wish.
To give you more time to enjoy life, maintenance and upkeep of the development is taken care of for you.
The safety and security features in your apartment, along with the running costs of the Lodge are covered by your service charge, so you can budget with confidence.
Beautifully landscaped grounds are all maintained for you and are ideal for enjoying a cup of tea with the neighbours, or your family and friends.
What’s more, there is a Lodge Manager on hand to ensure everything is running smoothly. The heating system in your apartment consists of contemporary electric panel radiators.
The slim panel radiators include an easy to use programmer and thermostat so that you can set each room differently.
Shower rooms feature low-level shower trays and easy turn taps, while kitchens include a waist height oven and hob as standard.
You’ll find a walk-in wardrobe in the bedroom and open space in the living room. The electricity at this development is supplemented by photo voltaic (pv) solar panels.
This helps to reduce electricity bills and ultimately reduces our carbon emissions to help the environment.
If you're seeking a comfortable and safe environment where you can maintain your independence, Churchill Living is the perfect choice.
Lease 999 years from 2024 Location 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 cafés, 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 cafés 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 doorstep.
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.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About Apt 9, Otter Lodge, Silver Street, Honiton
Explore nearby