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Lewdown, Okehampton, Devon

South West

£350,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1265 sqft

Description

This charming detached three-bedroom cottage, thought to have origins dating back roughly 400 years, is constructed from cob and stone, presenting a distinctive opportunity to modernize while preserving its historical essence. The property boasts original features and spacious rooms that allow for creative renovation possibilities, making it an ideal canvas for buyers wishing to inject their personal style into this characterful home. On the ground floor, the layout is both functional and welcoming. The living room stretches over 22 feet in length and features a striking stone fireplace with a log burner, providing a warm atmosphere for relaxation. Ascending the wooden staircase from the lounge further enhances the cottage's traditional charm. The expansive kitchen, measuring over 18 feet long, is another highlight of the home. It benefits from a log burner and traditional beams, offering ample space for a dining setup or potential redesign to meet modern needs. A practical hallway leads to a convenient utility area suitable for everyday essentials and outdoor gear. Completing the ground floor is a full-sized bathroom that caters well to family living or guests. Upstairs, the generous landing grants access to three well-proportioned bedrooms; the master bedroom stands out in size while the others provide flexibility for family use or remote work setups. A second full-sized bathroom on this level increases overall functionality. Nestled within extensive grounds with panoramic views of rolling countryside, this property offers significant outdoor potential for enhancement or expansion, subject to necessary approvals. With approximately 1,265 sq ft of living space that combines history with functionality, this cottage presents an exceptional chance to rejuvenate and personalize your own unique retreat. Positioned in scenic Lewdown Village within Devon's picturesque countryside, this home enjoys both tranquility and accessibility thanks to its strong community vibe and proximity to local amenities including schools and pubs. The surrounding landscape invites exploration through walking or cycling adventures with Dartmoor National Park nearby. Excellent road connections via the A30 make traveling to Okehampton, Launceston, or Exeter straightforward.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -4.2% below area average per sq ft

-4.2%
Potential saving
This Property
£277/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£187
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£401,935
10% above area average per sq ft
Potential ROI
-6.5%
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

Lewdown, Okehampton, Devon
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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
£1,262
Based on a loan of £262,500 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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