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Vicarage Road, Okehampton, Devon - Image 1
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Vicarage Road, Okehampton, Devon

South West

£1,200,000
Listed on 04/03/2026

Property Details

Bedrooms
7
Type
Detached house
Area
4189 sqft

Description

Sweetlands presents a considerable opportunity for those looking to invest in a spacious, five-bedroom Devon period property, complete with a detached annexe and numerous outbuildings that hold development potential. The expansive grounds cover approximately 2.2 acres, featuring both a garden and paddock that can cater to various uses. Located on the outskirts of Okehampton in a charming rural setting, this property offers captivating views and is available without any chain from motivated sellers. Spanning 3,511 sq ft across two floors, this detached family home combines modern convenience with distinctive period elements such as exposed stone walls and original fireplaces. While the current owners have maintained the property well—with features like a new water treatment plant and boiler—the interior could benefit from some upgrading to maximize its potential. The layout includes a generous sitting room that flows seamlessly into a spacious kitchen/family area, enhanced by ample natural light from French doors leading to the terrace. The first floor hosts five double bedrooms, including a principal suite with en suite facilities and additional bedrooms featuring unique mezzanine levels. The annexe has been tastefully refurbished, offering additional living space or rental income possibilities with two bedrooms and a contemporary kitchen/living area. Numerous outbuildings include a sizeable barn ripe for conversion (subject to permissions), alongside a partially built one-bedroom chalet—an exciting prospect for creating further accommodation or enhancing outdoor leisure activities. The property's extensive grounds not only provide privacy but also offer potential for equestrian use or other agricultural pursuits. With proximity to Okehampton's amenities and excellent transport links—including access to Exeter via Okehampton station—this property stands as an inviting canvas for renovation enthusiasts or investors seeking to capitalize on its diverse features.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -0.2% below area average per sq ft

-0.2%
Potential saving
This Property
£286/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,322,928
10% above area average per sq ft
Potential ROI
-2.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.4% over the last 12 months
3 year growth: +2.4%
5 year growth: +7.9%
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

Vicarage Road, 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
£4,328
Based on a loan of £900,000 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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