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East Street, Okehampton

South West

£140,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1195 sqft

Description

This charming cottage presents a unique opportunity for renovation and investment, with potential for both owner-occupiers and investors. The spacious interior spans approximately 111 square meters, featuring three well-proportioned bedrooms and versatile living spaces that can be adapted to suit a variety of needs. Investors will appreciate the property’s current tenant, providing immediate rental income, while those looking to make it their home will find ample room for personalization and modern upgrades. The layout includes a welcoming living room, a functional kitchen, and a utility space that adds to the overall utility of the home. Three bedrooms on the upper level offer comfortable accommodation, alongside a bathroom that has potential for enhancement. Situated conveniently on East Street in Okehampton, this property benefits from its proximity to local amenities, including shops, schools, parks, and the train station. Everything you need is within walking distance, which adds to its attractiveness for potential tenants or future owners alike. Outside, the property features a rear courtyard garden—a low-maintenance outdoor space ideal for relaxation or small gatherings. The added benefit of off-road parking accessible from Crediton Road enhances convenience and appeal. Overall, this cottage’s combination of location and space creates significant renovation potential in a thriving community setting. Viewings are recommended to fully appreciate what this property has to offer in terms of comfort and investment opportunities.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -59.4% below area average per sq ft

-59.4%
Potential saving
This Property
£117/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£187
Avg Yield
3.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£379,693
10% above area average per sq ft
Potential ROI
+130.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

East Street, 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
£505
Based on a loan of £105,000 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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