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Petrockstow, Okehampton, Devon EX20

South West

£450,000

Listed on 27/06/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1384 sqft

Description

This spacious detached bungalow is set in a prime village location, surrounded by breathtaking views and nestled within approximately 1.3 acres of land. Built in 1968, the property offers solid construction features along with generous living space that presents an exciting project for buyers interested in refurbishment. With three double bedrooms, a naturally lit dual aspect living room, and a sizable kitchen complete with a walk-in pantry and separate utility room, the home provides a solid foundation ready for modern enhancements tailored to personal preferences. The bathroom is also well-sized, featuring both a bathtub and a walk-in shower. Externally, the expansive gardens offer various possibilities for landscaping or extending the property, while additional structures like a larger-than-average garage enhance versatility. The presence of solar panels installed in 2014 adds an eco-friendly feature that benefits from a feed-in tariff. Notably, planning permission for constructing a four-bedroom detached bungalow within the grounds is secured under Torridge District Council reference 1/1161/2022/rem, adding significant investment potential. Although previous permissions for extensions to the existing property have lapsed, this represents an excellent opportunity for buyers looking to improve their living space or develop further under suitable consents.

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Investment analysis

(EX20 area)

Above Market Value

This property is priced +13.7% above area average per sq ft

+13.7%
This Property
£325/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£435,406
10% above area average per sq ft
Potential ROI
-17.8%
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

Petrockstow, 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
£1,700
Based on a loan of £337,500 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.

Stamp duty calculator

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