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Exeter Road, Okehampton, Devon

South West

£225,000
Listed on 30/03/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1092 sqft

Description

This three-bedroom property, conveniently located within walking distance of the town center, presents an exciting opportunity for renovation and investment. While it boasts charming features such as high ceilings and functional fireplaces, it does require modernization to realize its full potential. Notably, the property has been assessed to contain Grade 'B' Mundic in certain areas of its footings. While this condition means that mortgage options may be limited, it also opens the door for creative solutions such as structural lining or reinforced cavity wall replacements to ensure durability and compliance. The level garden outside further adds to the appeal, offering a blank canvas for outdoor improvements.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -28.4% below area average per sq ft

-28.4%
Potential saving
This Property
£206/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£345,825
10% above area average per sq ft
Potential ROI
+28.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.5% over the last 12 months
3 year growth: +1.0%
5 year growth: +8.6%
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

Exeter Road, Okehampton, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£803
Based on a loan of £168,750 over 30 years at 3.97% 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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