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Belstone, Okehampton

South West

£175,000
Listed on 15/04/2026

Property Details

Bedrooms
N/A
Type
Detached
Area
1515 sqft

Description

This former Methodist chapel, constructed from stone, presents a unique renovation opportunity in the picturesque village of Belstone on Dartmoor. The chapel features striking high timber ceilings and retains its original pews, offering character and potential for transformation. A welcoming open stone porch leads to double doors at the front, while an attached school room adds further potential with existing kitchen and bathroom facilities, ample storage, a log burner, and scenic views over the stunning Dartmoor landscape. Set within a charming community known for its unspoilt moorland surroundings, local amenities include 'The Tors' inn, a beloved tea room, and vibrant sporting activities supported by the village cricket club. Nearby Okehampton provides additional conveniences such as supermarkets and healthcare services. The property is well-connected to Exeter via public transport and major roadways. While the chapel currently lacks planning consent for development, there is significant potential for alternative uses pending approval. Notably, the school room has had prior change-of-use permission allowing it to operate as a tea room. This offers an excellent prospect for investors looking to repurpose a historical building into accommodation or hospitality ventures in this appealing region.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -59.8% below area average per sq ft

-59.8%
Potential saving
This Property
£116/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£479,119
10% above area average per sq ft
Potential ROI
+80.8%
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

Belstone, Okehampton
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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
£620
Based on a loan of £131,250 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.

Stamp Duty Calculator

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