Holley Park, Okehampton, EX20
South West
£175,000
Listed on 03/10/2026
Listed on 03/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
603 sqftFeatures
- Garden
- Parking
Description
This two-bedroom terraced house is set in a cul-de-sac in Okehampton and is offered with no forward chain. The ground floor has a lounge/diner and a separate kitchen, while upstairs are two bedrooms and a shower room. The kitchen and other parts of the house offer scope for modernisation; the shower room is described as having been updated.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This two-bedroom terrace offers a straightforward light-refresh project: the lounge/diner, bedrooms and kitchen have dated finishes, while the shower room is already comparatively modern. The usable rear garden, allocated parking and generally maintained exterior add to the appeal, and the cul-de-sac setting near Okehampton Interchange is a practical bonus. At £175,000, the asking price is broadly in line with the local £/sqf benchmark, but purchase plus refurbishment costs look tight against local benchmarks, so the value case depends on keeping the work controlled.
Key opportunities
- Refresh the dated lounge/diner and bedroom décor and flooring to give the interior a more cohesive feel.
- Update the older-style kitchen finishes as part of a light modernisation.
- Tidy the established rear garden while retaining its usable lawn and paved areas.
Key risks
- Purchase plus refurbishment costs look tight against local benchmarks, leaving limited headroom if the project runs over budget.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£661
Based on a loan of £131,250 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.
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