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North Street, Okehampton

South West

£140,000
Listed on 24/05/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
732 sqft

Description

This charming period town cottage presents a unique opportunity for renovation and personalization. Spanning approximately 68 square meters across three levels, the property features a living room, kitchen, and lean-to on the ground floor. The second floor is home to a generous double bedroom paired with a spacious shower room, while an additional bedroom occupies the third level. Located on North Street, this property benefits from its central position in Okehampton, providing easy access to the various amenities and services that the town has to offer. This prime location enhances both convenience for personal living and attractiveness for potential renters. The cottage offers significant scope for improvement, allowing you to infuse your individual style into the space. For investors, there is notable potential here; based on a purchase price of £140,000 and an estimated rental return of £700 per month, this property could yield around 6.0%, making it an appealing addition to any portfolio. With a bit of vision and effort, this residence can become not only a comfortable home but also a sound investment in a thriving community.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -34.1% below area average per sq ft

-34.1%
Potential saving
This Property
£191/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£233,548
10% above area average per sq ft
Potential ROI
+50.7%
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 Street, Okehampton
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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
£513
Based on a loan of £105,000 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