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3 bedroom maisonette for sale
2 Beech House, Exeter Road, Honiton, Devon EX14 1AL
£195,000
2 Beech House, Exeter Road, Honiton, Devon EX14 1AL
£195,000
Our Summary
- For sale on 27 February 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- An investment and development opportunity set in a great location
- This three bedroom apartment is let on an AST at £950 per calendar month (£11,400 per annum) and has a wealth of character as well as huge potential, and is located within close proximity of the Beach, Lyme Regis
- The freeholder occupies the flat below, and has previously expressed interest in selling the flat and freehold to the current owner, this option to purchase would offer huge development potential in the future
- Further opportunity to purchase the flat below and freehold giving the option to acquire the whole house and potential to reconfigure as required
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
This three-bedroom apartment is an investment and development opportunity located in Honiton, a market town with easy access to the coast and M5 motorway. The property has a 165-year lease, no service charges, and is currently let on an AST for £11,400 per annum. It has a wealth of character and huge potential, making it suitable for short and long-term letting. The apartment is one of two occupying the first floor of a large building, with its own entrance, hall, living room, separate kitchen, three bedrooms, and a bathroom. The freeholder occupies the flat below, and there is an option to purchase the flat and freehold, offering huge development potential. The property also has potential for holiday lets, with easy access to key resorts in Devon and Dorset.