2-bedroom flat · EX14 1FL
Listing removedListed 116 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom over 55s retirement apartment on the second floor of this lovely development.
The bright living room has a feature fireplace and an archway which leads through into the fitted kitchen, which has space for a freestanding cooker and fridge/freezer.
One bedroom includes a fitted, mirrored wardrobe and the bathroom has a white suite with a large shower enclosure.
Kings Gardens is conveniently situated 5 minutes from Honiton high street and within walking distance of the shops, library, train station and bus stop.
Honiton is one of the traditional `gateways- to Devonshire and is a pleasant residential and market town.
Standing in the south-east of the county it is surrounded by rich farmland, charismatic villages and many miles of country footpaths.
There are good bus services to Exeter, Sidmouth and neighbouring towns and the railway station is on the main London line.
My Future Living properties are available on long term assured tenancies which give you the peace of mind knowing you can stay in your home as long as you wish.
Speak to one our lettings team for details. *Please note, furniture/electrical appliances maybe removed prior to a tenancy commencing and will not form part of the tenancy.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About 35, Kings Gardens, Kerslakes Court, Honiton
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