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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 Folly Gate, this detached three-bedroom residence presents a unique opportunity for buyers interested in lifestyle properties combined with ample land and outbuildings. Spanning approximately 9.12 acres of level pastureland, this property includes a variety of practical amenities such as a sizable static caravan, vegetable garden, stables, and sweeping views of the picturesque countryside. While the home has areas that are somewhat outdated, its solid structure and spacious layouts offer a promising foundation for modernisation. Central to the living space is a traditional solid fuel Rayburn, providing both hot water and cooking facilities, which adds to the rustic charm of the kitchen. The ground floor comprises an expansive kitchen/diner ripe for renovations, alongside a bright living room that overlooks the garden and a conservatory ideal for enjoying warmer weather. The upper floor hosts three generous bedrooms and a family bathroom, each framing beautiful countryside vistas—perfect for updating to fit personal tastes. The outdoor space further enhances the appeal with the static caravan offering potential as guest accommodation or rental income possibilities (subject to necessary approvals). The grounds also feature an extensive vegetable garden, greenhouse, and several useful outbuildings including stables and additional storage. The land itself is a significant asset; flat, well-maintained paddocks provide opportunities for equestrian activities or livestock rearing while also offering enjoyable outdoor space. The property ensures practical access from both yard and driveway with clearly defined boundaries. Situated just moments from Okehampton town centre, residents can appreciate the tranquil rural lifestyle while maintaining convenient access to local amenities including schools, shops, and transport links like the A30. Folly Gate embodies community spirit with friendly locals and a welcoming pub. This charming smallholding is rich with potential—whether you're aspiring to cultivate your hobby farm, seek an expansive family home to grow into, or simply desire your own slice of country life with abundant space.

Investment Analysis

(EX20 area)

Above Market Value

This property is priced +99.4% above area average per sq ft

+99.4%
This Property
£573/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£372,340
10% above area average per sq ft
Potential ROI
-49.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.4% over the last 12 months
3 year growth: +2.4%
5 year growth: +7.9%
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
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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.

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