Lot 3 - Molly's Cottage, Post Lane, Cotleigh, Honiton, Devon, EX14 9HZ
Lot 3 - Molly's Cottage, Post Lane, Cotleigh, Honiton, Devon, EX14 9HZ
Addendum
*Please note this property has 3 bedrooms NOT 4*
Guide Price* : £15,000+
- Unconditional Online Auction Sale
- 3 Bedrooms
- |
- 1 Bathroom
Lot 3 - Cottage for Homeowner Investment
Description
ONLINE AUCTION 7th OCTOBER - 9th OCTOBER 2025
Molly's Cottage is steeped in history and character and is an incredible opportunity to purchase a one of its kind detached cottage with off road parking, gardens and courtyard and charm set in close proximity to the local town of Honiton, Devon. It is set over two storeys meaning ample space and also off road parking with front and rear gardens.
Molly's boasts 3 bedrooms, fantastic views to the rear of the surrounding Devon countryside, log burner and even use of a communal outdoor swimming pool. The property boasts all of its original features, with exposed beams internally and exposed stonework but offers an incredible place to live in residentially, as a second home or rent out to the local holiday market and create a fantastic income opportunity.
The property offers a great opportunity to buy, renovate and sell back on to the open market. Modernisation is required but the property would offer a great return.
Another fantastic market for this property would be to use as a bolt hole / holiday let with it being set in the heart of the Devonshire countryside. The feedback on the property was there is a shortage of 4+ bedroom properties available to holiday let market currently and there is a large proportion of stock available is 1-3 bedrooms. This meaning, a 4 bedroom property refurbished to a good standard would be in high demand.
As a holiday let and refurbished to a high standard Molly's could generate a Gross rental income of approximately £47,000 per annum with the property accepting pets and adding a hot tub. This would make Molly's a Winter and Summer staycation appealing to Dog owners and the appeal of the hot tub.
VIRTUAL TOUR
Tenancies
To be sold with vacant possession
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Guide Price* : £15,000+
- Unconditional Online Auction Sale
- 3 Bedrooms
- |
- 1 Bathroom
Lot 3 - Cottage for Homeowner Investment
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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