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North Street, Okehampton

South West

£130,000

Listed on 31/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
732 sqft

Description

This charming period cottage, situated in the vibrant centre of Okehampton, presents a promising opportunity for first-time buyers or investors. With a total living area of 68 square meters across three well-distributed floors, the property features a cozy living room, a kitchen, and an adjoining lean-to on the ground floor. The second floor includes a spacious double bedroom along with a modern shower room, while an additional bedroom occupies the third floor. There is significant potential for enhancement throughout the property, allowing new owners to personalize the space to their taste. Given its central location, there is also strong rental appeal with an estimated yield of 6.0% based on prevailing market conditions. This residence offers both practical living and investment prospects that should not be overlooked.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -37.9% below area average per sq ft

-37.9%
Potential saving
This Property
£178/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£230,287
10% above area average per sq ft
Potential ROI
+53.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +0.2%
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

North Street, Okehampton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£491
Based on a loan of £97,500 over 30 years at 4.45% 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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