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Hockworthy, Hockworthy, Wellington, Devon, TA21 - Image 1
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Hockworthy, Hockworthy, Wellington, Devon, TA21

South West

£400,000
Listed on 08/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
833 sqft

Description

Nestled in the charming village of Hockworthy, this detached country cottage presents a unique investment opportunity with considerable renovation potential. The property is characterful yet offers room for modernization and expansion, having previously secured planning permission for extension in 2017. Its elevated position provides serene countryside views, complemented by well-tended gardens that feature vegetable patches and a variety of fruit trees. Inside, the spacious sitting/dining area boasts a brick fireplace with a woodburning stove, while the kitchen is fitted with modern appliances including an oil-fired Rayburn. On the first floor, two generous double bedrooms promise excellent vistas and comfort but could benefit from updates to further enhance their appeal. The home also includes practical amenities like a utility room and a family bathroom. Given its proximity to local amenities and transport links, this cottage represents not just a lifestyle choice but also a solid investment for those looking to capitalize on its potential.

Investment Analysis

(TA21 area)

Above Market Value

This property is priced +61.1% above area average per sq ft

+61.1%
This Property
£480/sq ft
Area Average
£298/sq ft
Avg Rent (weekly)
£257
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£273,057
10% above area average per sq ft
Potential ROI
-37.9%
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
21%
Properties sold annually

Local Market Trend (TA21)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -5.5%
5 year growth: +11.7%
Investment Disclaimer: Analysis based on TA21 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

Hockworthy, Hockworthy, Wellington, Devon, TA21
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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
£1,443
Based on a loan of £300,000 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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