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Exbourne, Okehampton, Devon

South West

£297,500
Listed on 25/11/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This expansive 5.29-acre site offers a rare opportunity for bespoke development in a serene rural environment. With full planning permission already granted for a modern three-bedroom, single-storey dwelling, the property is primed for investment. The design emphasizes open-plan living that integrates seamlessly with the surrounding landscape, providing potential buyers with a chance to create their ideal home or capitalize on further development opportunities, subject to appropriate consents. The land currently includes a chalet and an additional structure used for temporary accommodation, both of which are well-equipped for residential purposes. Positioned approximately 3.3 miles from Hatherleigh and 6.8 miles from Okehampton, this location offers easy access to major roads such as the A386 and A30 while being enveloped by picturesque countryside views. Prospective investors should note the enforcement notice related to one of the structures, valid until November 2026, and consult the provided legal pack for detailed information.

Investment Analysis

(EX20 area)
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Exbourne, Okehampton, Devon
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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
£1,090
Based on a loan of £223,125 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