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Derriton, Holsworthy, Devon EX22

South West

£650,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached bungalow presents a unique opportunity for renovation and investment, available for the first time in half a century. The property features three ground-floor bedrooms, a spacious open-concept kitchen, dining, and living area, along with a conservatory that brings natural light into the heart of the home. A second kitchen and separate dining room complement the living spaces, providing ample room for entertaining or family life. An additional bedroom or games room on the upper level adds flexibility for various uses. Occupying a generous plot, the property benefits from extensive off-road parking and well-established landscaped gardens, including a productive vegetable patch. The grounds also host several outbuildings—such as a greenhouse, garden shed, garage, and large workshop—offering potential for further development or alternate uses pending appropriate consents. Located in the charming hamlet of Derriton, which is characterized by its individual period homes and unspoiled surroundings, this property is just one mile from Holsworthy. The market town offers an array of amenities including shops (with a Waitrose supermarket), public transport links, healthcare facilities, and recreational options such as parks and sports venues. Notably, Bude's renowned sandy beaches are only nine miles away, while Okehampton serves as the gateway to Dartmoor and provides convenient access to Exeter's dual carriageway. The entrance hall leads to various areas within the bungalow. The kitchen/dining/living space is fitted with essential appliances and allows for comfortable family gatherings. Further down the hallway are three bedrooms with views of either the garden or surrounding landscape. The master accommodates enough space for essential furnishings while maintaining a cozy atmosphere. With its ample storage—including attic space—a dedicated games room or fourth bedroom upstairs offers versatility that can adapt to changing needs over time. Furthermore, the garage and adjoining store present intriguing possibilities for conversion into additional living spaces or holiday accommodations—ideal for investment purposes. This property not only provides a comfortable living environment but also boasts significant potential for enhancement and expansion in an attractive location. With its mix of contemporary needs and classic charm nestled in a serene setting, this bungalow awaits your vision to unlock its full promise.

Investment Analysis

(EX22 area)
Area Average
£304/sq ft
Avg Rent (weekly)
£196
Avg Yield
2.6%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Monthly Sales
5
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX22)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -13.0%
5 year growth: 5.9%
Investment Disclaimer: Analysis based on EX22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Derriton, Holsworthy, Devon EX22
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