Worst House on the Street Logo
Folly Gate, Okehampton, Devon EX20 - Image 1
Folly Gate, Okehampton, Devon EX20 - Image 2
Folly Gate, Okehampton, Devon EX20 - Image 3

Folly Gate, Okehampton, Devon EX20

South West

£265,000
Listed on 15/03/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1587 sqft

Description

This charming semi-detached cottage, rich with character, presents a unique opportunity for those looking to invest in a countryside sanctuary. Featuring two bedrooms, this property is nestled within enclosed gardens and includes a substantial attached barn—perfect for conversion into additional living space, a home office, or ample storage, pending the necessary planning permissions. Located in a desirable village in the South West, it offers a tranquil rural atmosphere while being conveniently close to Okehampton's amenities. With no onward chain, this residence is ideal for buyers eager to personalize their home and increase its long-term value through renovations.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -41.8% below area average per sq ft

-41.8%
Potential saving
This Property
£167/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£501,190
10% above area average per sq ft
Potential ROI
+54.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.4% over the last 12 months
3 year growth: +2.4%
5 year growth: +7.9%
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

Folly Gate, Okehampton, Devon EX20
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£956
Based on a loan of £198,750 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates