3-bedroom bungalow · EX14 2TT
Listing removedListed 352 days
Opportunity summary
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About
21 Avenue Mezidon Canon is situated in an elevated position on the southern side of the bustling market town of Honiton, The property stands in the entrance to a small cul-de-sac and has corner-plot gardens that surround the property on three sides.
Honiton also serves a large rural community and is particularly well-known as an antique and book centre as well as having most of the usual multiples such as WH Smith, Boots, Tesco and a variety of shops, restaurants, schools, sports centre/swimming pool, golf club and direct main line rail link to London (Waterloo).
Honiton is also well served by local bus services.
The county town of Exeter,16 miles to the West, has a comprehensive range of shopping and sporting facilities, theatres, art centre, main line rail link to London (Paddington) and a small international airport together with M5 access.
The Regency coastal resort of Sidmouth lies some 9 miles to the south with its pebble beach (sand at low tide), long esplanade and range of independent shops.
The renowned Colyton Grammar School, one of England's top mixed state schools, is situated about 9 miles away.
THE PROPERTY 21 Avenue Mezidon Canon is a lovely modern detached bungalow situated in an elevated position with the benefit of a corner plot.
The Upvc-double-glazed and gas centrally heated accommodation has an entrance hall which leads through to the well-proportioned L-shape sitting/dining room which has an open fire, walk-in bay window and doors that open out to the rear garden.
The fitted kitchen has plenty of storage and access to the double-glazed conservatory that is attached to the rear.
There are three good-sized double bedrooms and a newly fitted bathroom with a white suite.
OUTSIDE The enclosed south facing rear garden has been laid to lawn with well stocked shrub and flower beds and borders that provides year-round colour and interest.
A concrete flagstone patio provides a perfect place to sit out in during fine weather. Gated pedestrian access to both sides and to the rear.
The single garage is located beyond the garden and has a driveway that provides off-street parking. For room sizes and dimensions please see floorplan.
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 Avenue Mezidon-canon, Honiton
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