2 Bed Houses For Sale in Farway, East Devon

The Farway property market has experienced notable price adjustments over recent years, with the average house price reaching £500,000 over the past year. This represents a 45% decrease compared to the previous year and stands 56% below the 2022 peak of £1,128,700. These figures suggest a market correction following a period of elevated prices, potentially creating opportunities for buyers who have been watching the East Devon market from the sidelines. The current price point positions Farway competitively within the broader East Devon property landscape, where comparable villages often command similar or higher premiums for period properties and rural locations.

Property types available in Farway reflect the village's agricultural heritage and rural character. Detached properties average £784,869 based on 13 recorded sales since 2018, making them the most common larger home type in the area. Semi-detached properties have sold for an average of £725,000, while terraced homes command around £567,500. Interestingly, flats in the village average £613,000, indicating demand for smaller accommodation options or investment properties. Recent sales data from late 2024 shows transactions including Ball Farm at £800,000 and Summercroft at £910,000, demonstrating continued interest in quality properties within this sought-after village location.

New build activity in Farway remains limited, with no large-scale housing developments actively marketed within the village itself. Planning applications indicate individual projects including The Pavilion Development at Colyton, where permission was granted for a modern three-bedroom property with large glass expanses and timber cladding following demolition of the former sports pavilion. For buyers seeking character properties with planning potential, these smaller development opportunities offer an alternative to the established period homes that dominate the local housing stock. Most current market activity centres on existing properties, many of which date from the 16th and 17th centuries and retain traditional construction features typical of East Devon farmhouses.

Farway is a small but vibrant village community set within the heart of East Devon's rolling countryside. With a population of approximately 242 residents, the village offers an intimate community atmosphere where neighbours know one another and local events bring people together throughout the year. The settlement is centred around the River Coly, which rises in the north of the civil parish and flows through the village itself, crossed by a traditional ford that adds to the rural charm. The East Devon National Landscape designation protects the surrounding area, ensuring that the beautiful countryside views, hedgerows, and farmland that define the local environment remain preserved for future generations.

The local economy of Farway and its surrounding parish is predominantly agricultural, with numerous working farms and countryside estates dotting the landscape. Farway Countryside Park provides recreational opportunities for residents and visitors alike, while the proximity to Honiton means that everyday amenities including supermarkets, independent shops, restaurants, and healthcare facilities are within easy reach. The village itself maintains essential character through its collection of historic buildings, including the Church of St Michael, Netherton Hall with its origins dating back to 1607, and several notable farmhouses that showcase traditional Devon construction techniques. The combination of rural tranquility and practical accessibility makes Farway an attractive location for families, retirees, and those seeking an escape from urban life.

Historic properties in Farway showcase construction techniques distinctive to the East Devon area. Properties such as Poltimore Farmhouse demonstrate the traditional use of local stone rubble, often combined with cob construction, and feature characteristic Beerstone ashlar dressings. Beerstone, a type of limestone quarried locally in Beer, has been used for decorative and structural elements in fine buildings throughout the region for centuries. Many historic farmhouses in the area feature thatch or slate roofs, and the preservation of these traditional materials contributes significantly to the village's architectural character. Buyers purchasing period properties should budget for specialist maintenance requirements associated with these traditional building methods.

Education provision in Farway includes Farway Primary School, which serves the local village and surrounding countryside communities. This rural school provides primary education for children in the area, maintaining a strong connection to the local community and offering smaller class sizes that many parents find advantageous for their children's early development. The school is a commercially owned property within the parish, reflecting the community-run nature of many rural educational establishments in East Devon. For secondary education, pupils typically travel to schools in nearby Honiton, which offers a selection of secondary schools catering to different educational approaches and specialisms.

Parents considering a move to Farway will find that the surrounding East Devon area provides good educational options across all levels. Schools in Honiton and the wider district have various Ofsted ratings, and many families choose to factor school catchments and performance data into their property search decisions. The nearest secondary schools are located approximately 3.5 miles away in Honiton, with school transport services operating from Farway. Transport links to these schools are well-established, with school bus services operating from the village to educational establishments in nearby towns. Further education and sixth form provision is available in Honiton, Exeter, and surrounding towns, ensuring families settling in Farway can plan for their children's education through to completion of secondary school and beyond.

Transport connectivity from Farway balances rural tranquility with practical commuting options for those who need to travel further afield. The village sits within easy reach of the A30, one of Devon's primary arterial roads, providing direct access to Exeter to the west and the M5 motorway beyond. Honiton railway station, located approximately 3.5 miles from Farway village centre, offers regular train services connecting the area to major destinations. From Honiton, passengers can reach Exeter in around 20 minutes and London Waterloo in approximately two and a half hours, making the village viable for commuters who work in the capital or other major cities but wish to enjoy countryside living.

Local bus services operated by Devon County Council connect Farway with surrounding villages and market towns, providing essential transport for those without private vehicles. The rural bus network, while less frequent than urban services, ensures that residents can access healthcare appointments, shopping facilities, and social activities without complete dependence on private cars. For daily commuting, the proximity to the A30 and Honiton railway station opens up employment opportunities in Exeter, Taunton, and beyond. Cyclists will find that the quiet country lanes of East Devon offer scenic routes for recreational cycling, though the hilly terrain requires reasonable fitness levels. The village's position within the East Devon National Landscape means that many roads are designated as scenic routes, which can mean slower average speeds but also more pleasant journeys through the countryside.

When purchasing a property in Farway, you will need to budget for several costs beyond the purchase price itself. Stamp Duty Land Tax is calculated based on the property purchase price, with standard rates applying 0% to the first £250,000, 5% between £250,001 and £925,000, 10% between £925,001 and £1,500,000, and 12% on any amount exceeding £1,500,000. For a typical Farway property at the current average price of £500,000, a standard buyer would pay £12,500 in stamp duty, while first-time buyers would pay £3,750 under the increased first-time buyer threshold that applies to the first £425,000 of the purchase price.

Additional costs to factor into your budget include mortgage arrangement fees, which vary by lender but typically range from £0 to £2,000, and survey costs. Given the prevalence of older properties in Farway, a RICS Level 2 survey is strongly recommended and typically costs between £380 and £629 for a standard residential property, rising to £930 or more for homes valued above £600,000. For the historic properties common in Farway, including those with listed status, additional charges may apply due to the complexity of surveying older construction. Properties requiring a Level 3 Building Survey due to their age, size, or non-standard construction may incur costs of £600 to £1,500 or more. Conveyancing costs for handling the legal aspects of your purchase typically start from £499 for straightforward transactions, rising for leasehold properties or those with complex title issues including registered and unregistered land, rights of way, or chancel repair liabilities that may affect title. Buildings insurance should be arranged from the point of exchange, and you may also need to consider moving costs, furniture purchases, and any immediate renovation works required.