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Prospect Hill, Okehampton

South West

£375,000
Listed on 29/12/2025

Property Details

Bedrooms
7
Type
Semi-detached house
Area
2587 sqft

Description

This distinctive Edwardian home presents a unique opportunity for renovation, having been cherished by its owners for over four decades and now ready for a new chapter. Spanning three floors, the residence boasts spacious, adaptable living areas with period charm evident through high ceilings, ornate fireplaces, and traditional bay windows. Although it currently requires updating, the potential to transform this property into a modern family home is significant. The removal of outdated spray foam insulation and installation of a new roof adds reassurance regarding structural integrity. Outside, the rear courtyard and former vegetable garden await revitalization, while the garage will need replacement to meet contemporary standards. Located in an elevated position on a quiet street in Okehampton, residents can enjoy access to local amenities—including shops, parks, schools, and recreational facilities—alongside easy transport links to Dartmoor National Park and Exeter. This property comes with no onward chain and offers ample scope for buyers seeking investment or personalisation in their next home.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -50.0% below area average per sq ft

-50.0%
Potential saving
This Property
£145/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£825,395
10% above area average per sq ft
Potential ROI
+81.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Prospect Hill, 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
£1,374
Based on a loan of £281,250 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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