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Okehampton, EX20 4ER

South West

£350,000
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
2025 sqft

Description

Nestled on the edge of a desirable village, this substantial bungalow presents a unique opportunity for investors or those looking to create their ideal home. The generously sized layout includes four double bedrooms—one featuring an en-suite shower room—along with a family bathroom, a kitchen, utility room, and separate cloakroom. A spacious living room benefits from triple aspect windows and a southerly view that maximizes natural light, making it an ideal spot for modern upgrades like photovoltaic panels and energy-efficient heating systems. Currently requiring refurbishment, including a non-functional oil-fired boiler, this property allows buyers to tailor improvements to their taste and needs. The ample gardens provide privacy with mature trees and shrubs, complemented by a rear patio garden with greenhouse potential. Parking is available for multiple vehicles with access to an integral garage. Located just outside Dartmoor National Park and well-connected by local amenities, public transport, and road links to larger towns and cities, this property offers both lifestyle convenience and investment potential.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -39.9% below area average per sq ft

-39.9%
Potential saving
This Property
£173/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£640,406
10% above area average per sq ft
Potential ROI
+64.2%
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
8%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -5.8% over the last 12 months
3 year growth: +1.3%
5 year growth: +7.0%
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

Okehampton, EX20 4ER
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 over 30 years at 3.91% 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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