Summary - 162, HIGH STREET, HONITON EX14 1JX
3 bed 1 bath Terraced
**Standout Features:**
- Mixed-use investment opportunity: 2-bedroom flat upstairs, 1-bedroom flat downstairs
- Tenant already in situ; stable monthly rental income (£595 pcm for the upper flat and £575 pcm for the ground floor flat)
- Modern kitchens and contemporary interiors
- Excellent yield potential of over 6%
- Central location on Honiton High Street, close to amenities and transport links
- Freehold tenure with low council tax
**Potential Concerns:**
- No allocated parking; on-street parking only
- Limited outdoor space
- Possible maintenance and modernization required due to age
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Discover a unique investment opportunity in the heart of Honiton with this well-maintained Georgian terraced house, currently configured as two rentable flats. The top-floor flat features two spacious bedrooms and a welcoming lounge, providing a bright and comfortable living space, while the modern kitchen and shower room cater to practical living needs. The ground-floor flat offers a stylish one-bedroom retreat with a contemporary design and excellent natural light.
Located on the bustling High Street, this property benefits from a wealth of local amenities, including shops, restaurants, and schools, making it an attractive option for renters. With a reliable monthly income from existing tenants, this property not only ensures immediate cash flow but also holds potential for further rental increases and property appreciation.
However, consider the lack of allocated parking and limited outdoor space, which might be key factors for some buyers. Yet, with a potential yield exceeding 6%, the financial prospects here are undeniable. Seize this chance to invest in a well-positioned property with promising returns—opportunities like this don’t stay on the market for long!
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