Worst House on the Street Logo
Enfield, Folly Gate, Okehampton - Image 1
Enfield, Folly Gate, Okehampton - Image 2
Enfield, Folly Gate, Okehampton - Image 3
Enfield, Folly Gate, Okehampton - Image 4
Enfield, Folly Gate, Okehampton - Image 5

Enfield, Folly Gate, Okehampton

South West

£675,000
Listed on 21/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1179 sqft

Description

Nestled on the outskirts of the desirable Folly Gate village, this three-bedroom detached property presents a promising opportunity for those looking to invest in a lifestyle home with extensive land and multiple outbuildings. Encompassing approximately 9.12 acres of flat pastureland, the estate includes valuable features such as a sizable static caravan, vegetable garden, and stables—all framed by picturesque countryside views. The house itself, while slightly outdated in certain areas, boasts generous room sizes and a robust structure that lends itself to a thoughtful modernization process. At its core lies a traditional solid fuel Rayburn, which provides both cooking facilities and hot water—perfect for creating an inviting kitchen atmosphere typical of rural homes. The ground floor offers a spacious kitchen/diner with ample potential for updating, alongside a bright living room that overlooks the garden and a convenient conservatory at the rear. The first floor hosts three well-sized bedrooms and a family bathroom, all boasting lovely views of the surrounding landscape—ready for you to personalize to your preference. Externally, this property excels with its enclosed garden area housing a sizeable static caravan that could serve as guest accommodation or rental potential (subject to regulatory approval). Additional outdoor features include a generous vegetable plot, greenhouse, along with multiple outbuildings such as stables and storage sheds. The expansive land is particularly appealing—ideal for equestrian pursuits or livestock use—featuring well-maintained paddocks that are both practical and scenic. This property is equipped with defined boundaries and easy access from the yard area making it ideal for those dreaming of establishing their own smallholding or tranquil country escape. Situated just minutes from Okehampton town center, this residence combines the serenity of rural living with convenient access to local amenities including schools, shops, and transport links like the A30. Folly Gate is renowned for its warm community atmosphere and popular local pub. This charming smallholding is brimming with potential—whether you're seeking an expansive family home with room for growth or envisioning life on your hobby farm in the countryside.

Investment Analysis

(EX20 area)

Above Market Value

This property is priced +98.2% above area average per sq ft

+98.2%
This Property
£573/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£187
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£374,610
10% above area average per sq ft
Potential ROI
-49.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.0% over the last 12 months
3 year growth: +0.8%
5 year growth: +11.2%
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

Enfield, Folly Gate, Okehampton
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,434
Based on a loan of £506,250 over 30 years at 4.06% 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

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.