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Petrockstowe, Okehampton, Devon, EX20

South West

£750,000

Listed on 18/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
2050 sqft

Description

This charming Grade II listed cottage is set in a scenic location, enveloped by approximately 3.8 acres of lush grounds that offer significant potential for renovations and alternative uses. Nestled on the outskirts of the picturesque Devon village of Petrockstowe, it boasts a tranquil atmosphere while retaining accessibility to local amenities including shops and community facilities. The property has seen substantial upgrades, notably a complete re-thatching in 2026, yet still presents opportunities for further enhancement or development, particularly with its range of traditional outbuildings previously granted planning permission for conversion into holiday cottages, albeit that consent has since lapsed. The versatile layout includes inviting living spaces such as a spacious kitchen/dining/family room that opens onto an extensive terrace—ideal for summer gatherings. Ample outdoor space features beautifully maintained gardens alongside level pastureland suitable for equestrian or agricultural pursuits. A large agricultural barn adds to the potential for various uses. With the right vision and investment, this property could be transformed into a delightful home or income-generating retreat in one of Devon’s most beloved areas.

Investment Analysis

(EX20 area)

Above Market Value

This property is priced +27.9% above area average per sq ft

+27.9%
This Property
£366/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£644,930
10% above area average per sq ft
Potential ROI
-25.9%
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

Petrockstowe, Okehampton, Devon, EX20
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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
£2,833
Based on a loan of £562,500 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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