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Lower Chichacott Barn, Chichacott, Okehampton - Image 1
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Lower Chichacott Barn, Chichacott, Okehampton

South West

£475,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1408 sqft

Description

This characterful Grade II listed barn conversion presents an exciting opportunity for those looking to invest in a property with considerable potential. With approved planning permissions to transform the first floor into three bedrooms—including a luxurious en-suite master—this home is poised for bespoke alterations that can truly elevate its functionality and value. Nestled in a tranquil rural hamlet, just two miles from Okehampton, it benefits from both peaceful surroundings and proximity to local amenities, including supermarkets, cinemas, and transport links to Exeter. The property boasts over 1,400 square feet of well-appointed living space characterized by beautiful exposed oak beams and stonework. A bright entrance hall welcomes you into an open-plan layout that includes a central dining area with double doors leading to a generous south-facing garden. The current configuration features two spacious double bedrooms on the first floor along with a family bathroom, but the granted planning permission allows for reconfiguration into additional bedrooms—a rare find in this type of residence. The outside space is equally appealing, set on 0.31 acres with mature trees, seating areas, and even a wildlife pond—ideal for creating an outdoor retreat or further landscaping based on personal vision. Furthermore, the insulated home office/hobby room attached to the detached double garage opens up versatile possibilities for remote work or guest accommodation. With thoughtful renovation investments, this property could become a modern family home that retains its historic charm while adapting seamlessly to contemporary living needs.

Investment Analysis

(EX20 area)

Above Market Value

This property is priced +16.8% above area average per sq ft

+16.8%
This Property
£337/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£187
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£447,371
10% above area average per sq ft
Potential ROI
-19.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by +4.0% over the last 12 months
3 year growth: 0.8%
5 year growth: 11.2%
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

Lower Chichacott Barn, Chichacott, 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
£1,713
Based on a loan of £356,250 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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