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See how verdicts work2-bedroom flat · EX14 2FJ
Listing removedReduced £6k (−3.4%) on 4 AugListed 389 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fine example of a first floor flat in one of the few purpose built blocks in the town. This flat boasts generous accommodation, incredible far reaching views and a garage.
There is a 90 year extension added to current lease. No chain.
The accommodation includes an intercom door to:- Communal Entrance Hall: With stairs to the first floor:- Front Door leading to:- Entrance Hall: Airing cupboard housing hot water tank and shelving, built in cloaks cupboard, electric heater.
Doors to:- Modern shower room: Shower cubicle with shower over, pedestal wash basin inset vanity unit, WC, electric wall mounted heated towel rail.
Bedroom 1: Double glazed window, range of fitted wardrobes and electric heater and door with en-suite WC off it. Bedroom 2: Double glazed window, electric heater.
Living Room: Double glazed window with stunning views over surrounding countryside, night storage heater and electric fire with decorative surround.
From the lounge is a door to the kitchen and a further door to a covered balcony area which also benefits from the far reaching rural views.
Kitchen: Double glazed window overlooking the balcony, range of wall and base units, with roll edge work tops, integrated appliances and one and a half bowl steel sink with mixer tap.
The property enjoys a favourable elevated position within the highly regarded Pine Park area of Honiton, well positioned for access to the facilities in the historic town which is well served with shops, schools, restaurants and public houses, as well as a main line rail station and sports centre.
Honiton enjoys excellent communication links with the A30 dual carriageway providing easy access to the cathedral city of Exeter and the M5 motorway, as well as the A303 Exeter/ London trunk route.
An international airport is available at Exeter.
The property is less than 5 minutes walk to local beauty spot known as The Glen and just a short walk from Honiton’s main line railway station with main links to London and Exeter.
Garage: Situated under the block. Up and over door. Light and power. Communal gardens: Attractively laid to lawn interspersed with specimen trees and flower beds.
Services Mains water, electricity and drainage.
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
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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
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FAQ
About 4, Pine Gardens, Devon
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