3 bedroom Maisonette in Honiton

2 Beech House, Exeter Road, Honiton, Devon EX14 1AL
  • Property Type: Maisonette
  • Contract Type: Unconditional with Variable Fee

Guide Price* £215,000+ plus fees

Property Description

An investment and development opportunity set in a great location. This three bedroom apartment has a wealth of character as well as huge potential, and is located within close proximity of the Beach, Lyme Regis. It has a 165 year lease (extended in 2021) and no service charges, it is well suited to short and long term letting depending on the new investor owner. (Please refer to the legal pack for confirmation on the lease). One of just two apartments (with their own entrances) occupying this large building. The property covers the whole of the first floor along with an equally sized loft space above. The apartment briefly comprises of its own access, hall, living room, separate kitchen, 3 bedrooms and a bathroom. Situated in Honiton, a lovely market town ideally located for access to the coast with links to the M5 motorway and Exeter. 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. The property would suit letting out long term but has strong holiday let potential with its easy access to several key resorts in Devon and Dorset. Further opportunity to purchase the flat below and freehold giving the option to acquire the whole house and potential to reconfigure as required. The ground floor flat also has its own entrance, period features, 2 double bedrooms, lounge, dining room (which could be converted into a third bedroom), direct access to a private garden, garage and outhouse.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Additional Information:

Construction Material: Granite or whinstone, as built. Heating: Boiler and radiators, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. 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). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 30th January 2025

Venue National Property Auction
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.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

2 Beech House, Exeter Road, Honiton, Devon EX14 1AL