Summary - GLOBE COURT FLAT 7 DOWELL STREET HONITON EX14 1DL
1 bed 1 bath Apartment
Long-lease, town-centre investment with strong rental yield but listed restrictions apply.
Grade II listed maisonette with own rear entrance
A compact 1-bedroom maisonette with its own entrance within an imposing Grade II listed building in Honiton town centre. The living room, separate kitchen/dining and mezzanine bedroom make efficient use of 536 sq ft, while gas central heating and EPC Band B give reasonable running costs. Shared rear courtyard, nearby Lace Walk car park with permit options and off-street access add practical convenience.
This unit is presented as an investment opportunity: a long 999-year lease, low service charge (£500pa) and small ground rent (£50pa) combine with an estimated rental value of £700–£725 pcm (approximate gross yield 9.3–9.7%). Excellent mobile signal, fast broadband and rail links to Exeter and London increase rental appeal to commuters and short-term tenants.
Buyers should note material drawbacks clearly. The Grade II listing will restrict alterations and may complicate repairs; any refurbishment will need listed-building consent. The property sits in an area with higher local crime and relative deprivation, which may affect tenant demand and insurance costs. The apartment is compact with a mezzanine bedroom and sloping ceilings—suitable for single occupants or couples rather than families.
Overall this is a straightforward, low-cost-to-hold rental in a prime central position with clear upside for hands-on investors who accept listed-building constraints and local market realities. For an investor seeking a town-centre, long-lease asset with immediate rental potential, this offers obvious yield; for an owner-occupier who requires larger or family accommodation, the layout and local profile may be limiting.
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