170 Honiton Road, Exeter
£995,000 (Tenant Fees)

Bridgeside House is an impressive and highly versatile modern detached residence, offering approximately 4,700 sq ft of beautifully presented accommodation arranged over four floors. The property combines a substantial six-bedroom family home with a self-contained, and interconnected, three-bedroom lower ground floor apartment, creating an exceptional opportunity for multi-generational living, for purchasers seeking a home with an established income-generating asset, or for an investor looking to create a high quality HMO.
The apartment is currently operated as short-term rental accommodation with excellent occupancy rates, producing a consistent, reliable income with figures available upon request. Alternatively, the scale and configuration of the property offer considerable potential for use as a 10/11 bedroom HMO, subject to obtaining the necessary planning consents, with potential gross revenue in excess of £100,000 per annum. Planning consent has previously been granted for use of the property as a 10-bedroom HMO, making this a particularly interesting proposition for investors as well as owner-occupiers.
Presented in excellent condition throughout, the property also benefits from solar panels, an EV charging point, air-conditioning units, a comprehensive sprinkler system, a good-sized rear garden and extensive off-road parking for approximately seven vehicles.

THE PROPERTY

The house provides exceptionally spacious and flexible accommodation. The principal ground floor is centred around an outstanding open-plan kitchen, dining and family room, a superb space ideally suited to modern family life and entertaining. The contemporary fitted kitchen incorporates extensive storage, work surfaces and integrated appliances, while bi-folding doors open directly onto the rear patio and garden. A connected sitting room provides another spacious reception space, while a study, utility room and WC complete this floor. For HMO use, the sitting room and/or study could easily be converted to additional bedrooms.

The first floor provides four generous double bedrooms, three of which are en-suite and all of which include built in wardrobes. There is also a large family bathroom, and therefore each bedroom can benefit from it’s own bathroom. The second floor comprises two particularly impressive bedrooms, both en-suite and of excellent proportions with space for sitting areas. For HMO purposes, kitchenettes could be added to create lovely self-contained studios.

The lower ground floor has been thoughtfully converted to form a self-contained three-bedroom apartment. The accommodation includes its own spacious open-plan kitchen/sitting/dining room and three bedrooms, each with their own en-suite shower room. With a separate entrance at the front of the property as well an internal staircase to the first floor, the apartment can be either be integrated within or operate independently from the main house. Currently used as successful short-term rental accommodation, the apartment provides an established income stream while retaining the option of being used for relatives, older children, guests or other ancillary accommodation.

A particular feature of the property is the flexibility of the overall layout. In its current configuration, the property offers a sizeable six-bedroom main residence together with the three-bedroom apartment, but its scale also creates potential for an alternative investment-led use. Previous planning consent has been granted for a 10-bedroom HMO and there is potential to create a 10 or 11 bedroom arrangement, subject to all necessary consents. This could potentially produce gross revenue in excess of £100,000 per annum.
Outside, the rear garden is a good size for a property offering this level of accommodation, with a paved patio immediately adjoining the house providing an excellent space for outdoor dining and entertaining, leading up to a further enclosed garden area, laid with low maintenance artificial lawn. To the front is parking for two cars and to the rear, beyond the garden is space for a further five.

Further practical and energy-conscious features include underfloor heating, solar panels, an EV charging point and air-conditioning serving five of the bedrooms. A sprinkler system and emergency lighting system has also been installed throughout the property, which is particularly useful if creating a compliant HMO.

THE LOCATION

Honiton Road is one of Exeter’s principal eastern routes and is particularly well placed for access to the city centre, major employment areas and transport connections. The property is conveniently situated for everyday amenities and offers straightforward access towards Exeter city centre as well as the major road network.
The location is particularly convenient for the M5 motorway and A30, making the property well placed for travel both around Exeter and further afield. Exeter’s wide range of shopping, leisure, educational and employment facilities are readily accessible, while the city also benefits from excellent rail connections to London and other major centres.

The combination of substantial accommodation, excellent presentation, extensive parking and convenient access to the city makes 170 Honiton Road an unusual proposition in the Exeter market. Whether retained as a large family residence with a valuable self-contained income-producing apartment, used for multi-generational living, or explored further as a substantial HMO investment, the property offers a level of flexibility and income potential rarely available in a single residential property.

SERVICES

Local Authority: Exeter City Council
Tax Band: G
Tenure: Freehold
Heating: Gas central heating
Services: Mains water and mains drainage
Energy Efficiency Rating: D
Flooding: This is deemed to be very low risk for rivers & seas and very low for surface water.
Internet: We understand that standard and ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps.
Mobile Phone signal - Several networks are currently displayed as available at the property.

AGENT'S NOTES

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers. There is a nominal charge of £24 including VAT for this, (per person). Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme). It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).