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Prospect Hill, Okehampton

South West

£375,000
Listed on 29/08/2025

Property Details

Bedrooms
7
Type
Semi Detached
Area
2587 sqft

Description

This unique Edwardian property, a cherished family residence for over four decades, presents a remarkable opportunity for renovation and investment. Spanning three floors, the home offers generous and versatile living spaces accented by classic period features such as high ceilings, decorative cornicing, and ornate fireplaces. The recently replaced roof provides peace of mind regarding structural integrity, while the interior is primed for updates that can breathe new life into this spacious layout. Of particular note is the potential to restore the courtyard and garden areas, which have fallen into disrepair but could become lovely outdoor retreats with some attention. This is an exceptional chance for buyers looking to invest in a property with historical charm in an appealing location close to local amenities, schools, and access to nature on the edge of Dartmoor National Park.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -49.6% below area average per sq ft

-49.6%
Potential saving
This Property
£145/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£818,139
10% above area average per sq ft
Potential ROI
+75.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -5.8% over the last 12 months
3 year growth: +1.3%
5 year growth: +7.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,328
Based on a loan of £281,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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