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Hillways, South Zeal, Okehampton

South West

£400,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1033 sqft

Description

This detached bungalow presents an excellent opportunity for renovation and investment in a sought-after location. Set on a generous plot of approximately 0.3 acres, the property is currently in need of modernization, allowing future owners to tailor it to their preferences. With two driveways providing access from the road, there's potential for site clearance and the development of two additional dwellings, subject to planning permissions. The interior layout offers flexibility, with two spacious bedrooms, a living room, and several additional rooms that could be repurposed or remodeled for improved functionality. The kitchen and utility areas provide a solid foundation for updates, while abundant natural light from various windows creates a welcoming ambiance throughout the home. Outside, the expansive garden is a notable feature, providing privacy and picturesque views towards Dartmoor from the front elevation. This outdoor space will appeal particularly to gardening enthusiasts or those envisioning landscaping possibilities. Complementing the garden are practical amenities including ample parking, a detached garage, a workshop/shed, and a summer house—each adding value to the overall property. Nestled in the charming moorland village of South Zeal, this bungalow benefits from its vibrant community atmosphere. Residents enjoy easy access to local amenities such as primary schools, pubs, and recreational clubs—all contributing to the village’s appeal. The proximity to Dartmoor enhances outdoor pursuits making this an attractive location for families and individuals alike. With its combination of space, location advantages, and investment potential, this property invites new owners to explore its possibilities and transform it into a desirable living space or even capitalize on development opportunities.

Investment Analysis

(EX20 area)

Above Market Value

This property is priced +33.5% above area average per sq ft

+33.5%
This Property
£387/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£329,584
10% above area average per sq ft
Potential ROI
-25.1%
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

Hillways, South Zeal, 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
£1,465
Based on a loan of £300,000 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE