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Lewdown, Okehampton

South West

£190,000
Listed on 20/03/2026

Property Details

Bedrooms
2
Type
Cottage

Description

Nestled in the heart of a charming Devon village, this end-terrace period cottage presents a unique opportunity for renovation and investment. The property features two spacious double bedrooms and ample off-road parking, accompanied by a generous enclosed rear garden ripe for landscaping and personal touches. Offered with no onward chain, it is an ideal project for those looking to create a bespoke living space or rental investment. Upon entering through the gabled porch, you are welcomed into a lounge/diner adorned with a striking stone fireplace and heavy beam, perfect for showcasing the property's character. Exposed beams, a timber window seat, and slate floors add rustic charm to the space. The kitchen offers base units and provision for appliances but requires modernisation to fully unlock its potential. An adjoining utility/store room holds the boiler which is currently not functioning, indicating further renovation needs. The ground floor also accommodates a bathroom equipped with an electric shower over the bath, while upstairs reveals two comfortable double bedrooms. Outside, you'll find access via an unmade lane leading to off-road parking and an expansive garden complete with established shrubs and trees, as well as a former vegetable plot that could be revitalized. Situated in Lewdown with local amenities nearby including schools, shops, and picturesque walks at Roadford Lake, this property is conveniently located for easy access to larger towns such as Tavistock and Okehampton. With the right renovations, this cottage has significant potential to become a delightful family home or lucrative rental property.

Investment Analysis

(EX20 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Lewdown, Okehampton
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 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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