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Darkey Lane, Okehampton, Devon

South West

£700,000

Listed on 16/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
2786 sqft

Description

This offer presents a unique chance to acquire a spacious five-bedroom detached residence, complemented by an adjoining plot of land that has outline planning permission for the construction of two additional detached homes. Situated in a desirable area along Darkey Lane on the outskirts of Okehampton, this property spans approximately 1 acre and combines the benefits of a substantial family home with enticing development prospects in a sought-after residential zone. The main house encompasses around 2,100 square feet of flexible living space, making it well-suited for larger families or those needing multigenerational arrangements near Dartmoor National Park. From the moment you step into the inviting central hallway, you will find access to both expansive reception areas and multiple bedrooms. The living room is notably spacious and filled with natural light, offering an excellent setting for relaxation and gatherings. A separate dining room enhances the functionality of the home, easily convertible into a snug or workspace. At the heart of the property lies a practical kitchen/dining area designed for family living, complete with ample dining space. Additional features such as a utility area, cloakroom/WC, and direct garage access contribute to its practicality. The ground floor layout includes three bedrooms, highlighted by a generous master suite with an en-suite shower room. A well-equipped family bathroom serves the other bedrooms conveniently. Upstairs, two additional double bedrooms provide extra accommodation alongside another bathroom, ideal for guests or older children seeking privacy. Externally, the property boasts an extensive private driveway suitable for multiple vehicles and easy access to off-road parking options, including space for caravans or motorhomes. The gardens are primarily laid to lawn, ensuring privacy while offering vast potential for outdoor activities or landscaping projects. The adjoining land presents significant investment potential due to its outline planning permission granted by West Devon Borough Council (application number 2758/24/OPA). Its level terrain and accessible location from Darkey Lane make it attractive for developers looking to create bespoke residences close to local amenities and transport links. With increasingly rare opportunities like this in Okehampton—a market town known as the "Gateway to Dartmoor"—it’s worth considering if you're interested in both immediate family living and future investment capabilities.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£251/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£219
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£882,298
10% above area average per sq ft
Potential ROI
+13.1%
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

Darkey Lane, 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
£2,497
Based on a loan of £525,000 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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