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Darkey Lane, Okehampton, Devon EX20

South West

£700,000

Listed on 05/06/2026

Property Details

Bedrooms
5
Type
Land
Area
2786 sqft

Description

This five-bedroom detached house presents a unique opportunity for both family living and investment, set in a desirable area on the outskirts of Okehampton. Spanning approximately 1 acre, this property not only features a spacious family home but also an adjoining parcel of land with outline planning permission for two additional detached homes. The main residence, offering around 2,100 sq ft of adaptable space, is ideal for growing families or multi-generational living. The ground floor boasts three bedrooms, including a master suite with en-suite shower facilities, alongside generous communal areas such as a light-filled living room and multifunctional dining room that could easily serve various purposes such as an office or playroom. The heart of the home is its kitchen/dining area, perfect for everyday activities and family gatherings. Additional practicalities include utility space and an internal garage access. Upstairs are two further double bedrooms and an additional bathroom, providing privacy for older children or guests. Externally, the property features ample off-road parking via a large driveway, with extensive garden space primarily laid to lawn which offers potential for landscaping or entertaining. The significant development potential offered by the adjacent land makes this property particularly attractive to investors looking to capitalize on residential expansion in the region. With excellent access to local amenities and outdoor pursuits within Dartmoor National Park, this opportunity combines comfort with substantial future potential.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -12.1% below area average per sq ft

-12.1%
Potential saving
This Property
£251/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£876,476
10% above area average per sq ft
Potential ROI
+10.9%
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
7%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +0.2%
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

Darkey Lane, Okehampton, Devon EX20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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