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High Street, Hatherleigh, Okehampton EX20

South West

£425,000
Listed on 10/04/2026

Property Details

Bedrooms
4
Type
Terraced
Area
2270 sqft

Description

This distinctive property is located in the vibrant market town of Hatherleigh, offering a combination of character and significant renovation potential. Currently set up as a three-bedroom residence, this former dual-unit property can easily be adapted into a four-bedroom family home or transformed into a main house with an independent one-bedroom annexe. This flexibility presents excellent opportunities for multi-generational living or generating rental income through holiday letting (subject to relevant approvals). The exterior showcases an appealing traditional aesthetic with whitewashed walls and a striking thatched roof, indicative of its historic charm. Inside, the home comprises spacious and adaptable accommodation, featuring several reception rooms on the ground floor that provide ample space for both relaxation and entertainment. The kitchen, although functional, could benefit from modernisation to maximise its efficiency. Notably, there is potential to create self-contained living quarters by reconfiguring existing spaces. Upstairs, you will find three well-sized bedrooms that each have their own unique character, along with a bathroom designed to cater to the first-floor occupants. The layout provides opportunities for creative reorganisation according to personal needs. A key asset is the attached garage and workshop area which opens up possibilities for conversion or use as additional storage and workspace; this feature enhances the overall versatility of the property significantly. The garden area complements the property beautifully with raised beds ideal for gardening enthusiasts, while elevated views across the countryside add charm and tranquility to outdoor living. With approximately 2,270 sq. ft. of accommodation at hand, this property not only offers generous living space but also considerable scope for customisation based on individual preferences. Located conveniently close to local amenities in Hatherleigh including shops, schools and recreational facilities as well as easy access to Devon’s stunning countryside and Dartmoor National Park, this home represents a unique opportunity to make it your own in a desirable location.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -34.9% below area average per sq ft

-34.9%
Potential saving
This Property
£187/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£717,888
10% above area average per sq ft
Potential ROI
+48.0%
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
8%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -5.8% over the last 12 months
3 year growth: +1.3%
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

High Street, Hatherleigh, Okehampton EX20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 over 30 years at 3.91% 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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