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North Road Industrial Estate, Okehampton, Devon, EX20 - Image 1
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North Road Industrial Estate, Okehampton, Devon, EX20

South West

£485,000
Listed on 30/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1765 sqft

Description

Set on a sizable 0.4-acre lot, this detached home presents significant renovation and investment possibilities. The property features five generously sized bedrooms, making it suitable for large families or those in need of extra space for various activities. Central heating is installed throughout, ensuring comfort during the colder months. Beyond the main living areas, the property includes several outbuildings that could serve multiple purposes—be it additional storage, workshops, or even a small business setup. The spacious yard and mature gardens offer plenty of outdoor space to enjoy and have direct access to a serene river frontage, creating a tranquil atmosphere while still being conveniently located near the town center. Given its prime location and the potential for enhancements or redevelopment, this property stands out as an excellent opportunity for those looking to invest or create a customized living space that meets their specific needs.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -5.3% below area average per sq ft

-5.3%
Potential saving
This Property
£275/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£563,132
10% above area average per sq ft
Potential ROI
-3.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX20)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 1.5%
5 year growth: 14.1%
Investment Disclaimer: Analysis based on EX20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

North Road Industrial Estate, Okehampton, Devon, EX20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,777
Based on a loan of £363,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE