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Oaklands, Petrockstow, Okehampton

South West

£100,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
634 sqft

Description

Located in the charming village of Petrockstowe, this detached dormer bungalow features 2/3 bedrooms and offers a significant opportunity for those looking to invest in a full renovation project. The property is in need of substantial updating throughout, making it an excellent choice for builders or investors keen to enhance its existing layout. The ground floor currently provides ample living space, including a kitchen area, bathroom, and versatile rooms that could serve as additional reception spaces or bedrooms based on your requirements. The upper level houses a double bedroom nestled within the dormer section, offering pleasant views over the locality. With a solid structural base and room for reconfiguration, this home has considerable potential for modernization and extension, subject to necessary planning permissions. Surrounding gardens provide generous outdoor space ideal for landscaping ideas or creating family-friendly areas, plus there’s potential for driveway parking after suitable modifications. A spacious garage is also included. Situated within a tranquil village setting yet conveniently close to Hatherleigh and Okehampton's amenities—where various shops and schools are located—this property makes for an ideal project. With nearby transport links via the A386 and A30 facilitating easy access further afield, this bungalow presents a rare opportunity to acquire a property in a desirable Devon location ripe for transformation.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -45.2% below area average per sq ft

-45.2%
Potential saving
This Property
£158/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£200,781
10% above area average per sq ft
Potential ROI
+11.5%
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

Oaklands, Petrockstow, Okehampton
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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
£357
Based on a loan of £75,000 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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