3-bedroom detached house · EX14 1AU
Listing removedListed 229 days
Opportunity summary
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About
A 3 bedroom detached house in need of refurbishment, ideally located close to the town centre, with single garage, ample parking and front and rear gardens. EPC C.
Situation - Cowley Lodge is ideally located close to the town centre of Honiton, which lies on the southern edge of the Blackdown Hills, a designated Area of Outstanding Natural Beauty.
Just 10 miles from the stunning Jurassic coast, itself a natural World Heritage Site.
The town has a comprehensive range of independent shops and cafes, as well as two primary schools and secondary schools.
Communication links are excellent with a direct rail service from Honiton Station to London Waterloo, whilst the A30 provides quick and efficient road access to the cathedral city of Exeter.
As well as easy access to the M5 motorway. Description - A 3 bedroom detached property in need of refurbishment and no onward chain.
In brief the property comprises of a covered porch, an entrance hall leading to a generous sitting room with bay window to front aspect and feature fire place.
The kitchen features wall and base units with door out into a rear porch. The dining room with window to side aspect opens out through patio doors into a conservatory and then out into the garden.
Upstairs there are three bedrooms and a family bathroom.
The master bedroom features a bay window and built in cupboard, there is also a useable large attic room accessed via a ladder and loft hatch with Velux window.
Outside - Outside the rear garden is south facing and is laid mostly to lawn, adjacent to the back door is a store/utility with power and light, storage shelves, sink with space and plumbing for utilities.
To the front set back from the road there is a single garage, private driveway with space for turning and parking for several vehicles and an area of lawn. Services - All mains services connected.
Fibre broadband (up to 1,000 Mbps via AllPoints Fibre, Openreach, nexfibre) and mobile coverage outside and likely inside via EE, Three, Vodafone and O2 (OFCOM).
We have been made aware by the seller that the property has cavity wall insulation.
Residential Lettings - If you are considering investing in a Buy To Let or letting another property and require advice on current rents, yields or general lettings information to ensure you comply, please contact a member of our lettings team on .
Directions - What3words: ///winner.risen.agent
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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