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Wonnacotts Road, Okehampton

South West

£175,000
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1001 sqft

Description

This 1950s ex-local authority home presents a significant opportunity for renovation, situated on a quiet cul-de-sac within easy walking distance of town amenities. The property, which boasts a traditional layout including a kitchen/breakfast room, living room, dining room, garden room, and three bedrooms alongside a bathroom and separate WC, is primed for modernisation. Many neighbours have successfully transformed their front gardens into off-road parking spaces, enhancing convenience and value. With no forward chain, this property invites creative vision and redevelopment to create a contemporary family home. Additionally, the generous rear garden faces westward for ample evening sunlight, providing an excellent canvas for landscaping or outdoor living enhancements.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -39.7% below area average per sq ft

-39.7%
Potential saving
This Property
£175/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£319,374
10% above area average per sq ft
Potential ROI
+20.5%
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

Wonnacotts Road, 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
£641
Based on a loan of £131,250 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