Lewdown, Okehampton, EX20
South West
£170,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceArea
689 sqftFeatures
- Garden
- Parking
Description
This two-bedroom period cottage in Lewdown is arranged over two floors and retains features including exposed beams, slate flooring, latch-and-brace doors and a stone fireplace with a multi-fuel stove. The ground floor includes a sitting and dining room with a partly divided area that could serve as a study or dining space, a kitchen with base units and appliance space, a rear utility and store, and a bathroom with a bath and electric shower. Upstairs are two double bedrooms.
The property is described as needing modernisation and improvement. The oil-fired boiler is currently not functioning. Outside, a shared lane leads to an off-road parking area, while a side gate opens to a level rear garden with lawn, established shrubs and small trees, a former vegetable plot and a block-built store shed. The cottage is freehold and connected to mains water, electricity and drainage. It is in Lewdown village, near local amenities, with access to the A30 and facilities in Tavistock, Launceston and Okehampton.
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
At £170,000, this is priced below the local average at £247/sq ft versus £289, giving a project buyer a cheaper point of entry. The appeal is the period character: exposed beams, slate floors and a substantial stone fireplace, alongside a sizeable established garden. The interiors offer plenty of scope to reshape and modernise, including the dated kitchen and bathroom, while the damaged ceiling section needs investigation and making-good. The exterior appears generally intact in the available views.
The overall opportunity is still weak on the numbers: purchase plus the £30,000–£55,000 renovation range puts costs tight against local benchmarks, even before fees, so the below-average purchase price alone does not guarantee a margin.
Key opportunities
- Refresh the dated interiors while retaining and showcasing the exposed beams, slate flooring and stone fireplace.
- Rework the sitting/dining room’s partly divided layout to make better use of its spacious character.
- Bring the established garden and mixed gravel-and-paving approach back into shape.
Key risks
- The £30,000–£55,000 works range makes this a substantial improvement programme rather than a cosmetic refresh; allow for investigation and making-good around the damaged ceiling section.
- The boiler is described as currently not functioning, so its condition and replacement needs should be checked.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£642
Based on a loan of £127,500 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.
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