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North Road Industrial Estate, Okehampton, Devon, EX20 - Image 1
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North Road Industrial Estate, Okehampton, Devon, EX20 - Image 5

North Road Industrial Estate, Okehampton, Devon, EX20

South West

£485,000
Listed on 30/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1014 sqft

Description

Set on a substantial 0.4-acre lot near the town center, this expansive detached home presents significant renovation and investment possibilities. With five generously sized bedrooms, the property has ample space to accommodate families or individuals in need of extra room for personal projects or workspace. The central heating system ensures comfort throughout the seasons, while a collection of adaptable outbuildings adds to its versatility—perfect for hobbies, workshops, or even potential rental spaces. The outdoor areas feature large, mature gardens that extend down to a picturesque riverfront, offering a serene backdrop while still being conveniently close to local amenities. Given its prime location and the extensive potential for development or refurbishment, this property stands out as an excellent opportunity for those looking to create their ideal living space or investment venture.

Investment Analysis

(EX20 area)

Above Market Value

This property is priced +66.7% above area average per sq ft

+66.7%
This Property
£478/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£194
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£48,500 - £121,250
10-25% of property value
Target Value
£320,008
10% above area average per sq ft
Potential ROI
-47.2%
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

North Road Industrial Estate, Okehampton, Devon, EX20
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