2-bedroom flat · EX14 1EL
For saleReduced £10k (−5.6%) on 28 JunListed 183 days
Opportunity summary
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About
Bradleys are pleased to offer to the market this modern ground floor apartment within the new Taylor Wimpey development.
Well-presented throughout, the accommodation briefly comprises entrance hall, open plan living area/kitchen, bathroom and two double bedrooms with master en suite.
Also benefits from two allocated parking spaces. Description: Door opening into communal entrance leading to the front door to this ground floor apartment.
Hallway with storage cupboards and doors to all rooms. Dual aspect open plan living area with modern kitchen incorporating appliances.
There is a modern fitted bathroom with shower over the bath and two double bedrooms with the master bedroom benefitting from an en suite shower room.
Externally, there is a communal garden area with bench and communal parking where this property has two allocated spaces. Material Information: Tenure: Leasehold. 125 year lease from 2021.
Current annual service charge: £1721.17 East Devon District Council. Tax Band B. Services & Heating: Mains electric, water, drainage and gas. Gas central heating.
Restrictions: No dogs, only visiting. Parking: Communal parking area with two allocated spaces. Location: Oaklea House is part of the new Taylor Wimpey development at Mountbatten Mews.
It benefits from easy access to the A30 which in turn gives good links to the M5 and Exeter Airport.
Honiton has many amenities including supermarkets, independent traders, regular street market, Primary Schools and a Secondary School, active community centre, library, leisure centre with swimming pool and gym, doctors surgery and hospital as well as a railway station with regular services to Exeter and London Waterloo.
Directions: What3words: ///truth.salsa.dawn
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.
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FAQ
About Apartment 2,,, Oaklea House, Honiton
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