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Hatherleigh, Okehampton, Devon

South West

£475,000
Listed on 07/04/2026

Property Details

Bedrooms
4
Type
Detached

Description

This unlisted period farmhouse, set in the scenic Devon countryside, presents a unique opportunity for those looking to create a bespoke country home with significant investment potential. Spanning approximately 185 sq. metres, the property retains many original features, including exposed timber beams and traditional fireplaces, which could serve as a foundation for modern updates while preserving its character. Situated at the end of a tranquil lane, the farmhouse is accessed via a newly installed bridge or an original ford crossing, enhancing its appeal with an enchanting sense of arrival. The extensive grounds encompass approximately 1.4 acres of formal gardens and courtyard, alongside an additional paddock of about 3.7 acres – ideal for equestrian use or smallholding pursuits. The interior layout includes two spacious reception rooms with dual aspects that create bright living areas centred around impressive inglenook fireplaces. A separate study provides direct access to an outbuilding that offers potential for expansion (subject to planning approval), while the well-appointed kitchen features traditional wooden units and an oil-fired Aga. On the first floor, four generous bedrooms include a principal suite with en suite shower room, complemented by picturesque views across the surrounding farmland. Although refurbishment is required throughout to modernise and optimise this charming home fully, its inherent character and surrounding natural beauty position it excellently for those wanting to create a remarkable Devon retreat.

Investment Analysis

(EX20 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
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

Hatherleigh, Okehampton, Devon
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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
£1,682
Based on a loan of £356,250 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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