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West Street, Okehampton

South West

£270,000
Listed on 16/08/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2045 sqft

Description

This property presents a unique opportunity for those seeking investment potential or renovation projects in the Okehampton area, right on the edge of Dartmoor. Currently operating as a successful news agency, this establishment combines commercial and residential space, making it versatile for various endeavors. Spanning approximately 200 square meters, the layout includes a shop area measuring 7.4m x 4.3m, accompanied by additional storage rooms which could be repurposed to meet future needs. The first floor features residential accommodations accessible via an internal staircase. These living quarters consist of a kitchen/diner and multiple bedrooms, with options for refurbishment or complete transformation into separate rental units. The second floor provides further accommodation opportunities with additional bedrooms, all benefiting from natural light and ample space. This arrangement makes it well-suited for either owner-occupier use or as a rental investment following renovations. Outside, the property offers convenient pedestrian and vehicular access along with a double garage for storage or workshop use. Limited courtyard space is available, which can be enhanced to create outdoor areas. Renovation possibilities abound here; while the building has been maintained through various updates over the years, a more extensive refurbishment could unleash its full potential in both commercial operation and residential leasing. Given its strategic location with steady foot traffic due to its business operations and proximity to local amenities, this property stands out as an appealing investment project worthy of consideration.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -54.5% below area average per sq ft

-54.5%
Potential saving
This Property
£132/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£652,467
10% above area average per sq ft
Potential ROI
+97.7%
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

West 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
£989
Based on a loan of £202,500 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