Worst House on the Street Logo
Wonnacotts Road, Okehampton - Image 1
Wonnacotts Road, Okehampton - Image 2
Wonnacotts Road, Okehampton - Image 3
Wonnacotts Road, Okehampton - Image 4
Wonnacotts Road, Okehampton - Image 5

Wonnacotts Road, Okehampton

South West

£185,000
Listed on 21/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1001 sqft

Description

This 1950s ex-local authority home presents a significant opportunity for renovation and investment. Situated in a peaceful cul-de-sac, the property is conveniently located within walking distance of town amenities, making it an attractive option for both homeowners and investors looking to capitalize on its potential. The current layout includes three bedrooms, a kitchen/breakfast room, a living room, a dining room, and a garden room, along with a bathroom and separate WC. While the interior requires extensive updating to meet modern standards, this offers a blank canvas to create a personalized living space tailored to contemporary preferences. Several neighboring properties have successfully transformed their front gardens into off-road parking spaces, suggesting that similar enhancements could be beneficial here, adding both convenience and value. With no forward chain, this property is ready for its next chapter. An early viewing is strongly recommended to fully appreciate the scope of possibilities it holds. Additionally, being part of West Devon Borough Council's jurisdiction places it in Council Tax Band B, which may help in budgeting for future renovations. This property not only offers immediate potential but also long-term investment prospects as the area continues to develop.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -35.6% below area average per sq ft

-35.6%
Potential saving
This Property
£185/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£18,500 - £46,250
10-25% of property value
Target Value
£315,906
10% above area average per sq ft
Potential ROI
+36.6%
After renovation
Monthly Sales
14
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX20)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 3.8%
5 year growth: 24.2%
Investment Disclaimer: Analysis based on EX20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Wonnacotts Road, Okehampton
Map showing location of Wonnacotts Road, Okehampton
Open Map