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Heather Close, Okehampton, EX20 - Image 1
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Heather Close, Okehampton, EX20

South West

£149,950
Listed on 11/07/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1169 sqft

Description

This three-bedroom house offers a unique living experience, blending central town convenience with a touch of privacy as it sits slightly removed from the main thoroughfare. The property features a designated parking space and benefits from gas central heating throughout, making it comfortable year-round. While the home presents an opportunity for renovation, it allows potential buyers to personalize the space according to their preferences. Entering through a UPVC double glazed door, you are welcomed into a hallway that features tiled flooring and an under stairs cupboard, providing practical storage space. The living room is spacious and includes wood laminate flooring and dual radiators for added warmth. The kitchen comes equipped with fitted floor and wall units, accommodating an electric oven and various appliances. It also includes plumbing provisions for a washing machine and offers a convenient ceramic sink. Ascending the staircase leads to a landing area with fitted carpet, additional storage options in a large walk-in cupboard, and access to all bedrooms. Each bedroom is generously sized, featuring fitted carpets and radiators. One standout feature is the sun room, an enclosed space with windows that provide charming views of Okehampton’s rooftops—a perfect spot for relaxation or as a study. The bathroom includes essential amenities such as a panelled bath with an electric shower unit, pedestal wash basin, and low-level WC. With no onward chain, this property is primed for a swift transaction. The location not only provides easy access to local amenities but also holds considerable investment potential due to its positioning in the town center. Its need for updating presents the ideal canvas for those seeking to enhance its value through renovations or personalized improvements. Overall, this house represents not just a place to live but also an opportunity for investors or homeowners looking to create a tailored living environment in a desirable area.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -55.8% below area average per sq ft

-55.8%
Potential saving
This Property
£128/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£372,975
10% above area average per sq ft
Potential ROI
+107.3%
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

Heather Close, Okehampton, 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
£549
Based on a loan of £112,462 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.

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