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Petrockstow, Okehampton, Devon EX20

South West

£350,000

Listed on 31/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1384 sqft

Description

Situated on the outskirts of a picturesque village, this generously-sized detached bungalow offers expansive views across the countryside, set within approximately 0.6 acres of grounds. Originally built in 1968, the property presents an exciting opportunity for buyers looking to invest in a spacious home ripe for modernization. With solid internal walls and ample natural light flooding the living areas, this residence provides a well-considered layout comprising three double bedrooms, a sizeable kitchen with walk-in pantry, and a inviting dual-aspect living room. The bathroom is notably large, allowing for the potential transformation into a modern family bathroom tailored to your preferences. The exterior of the property features mature gardens surrounding it, along with a larger-than-average garage and plentiful parking space. The elevated position ensures stunning views and a serene setting. Additional advantages include recently installed windows and solar panels from 2014 that benefit from a feed-in tariff. Furthermore, while there was previous planning for an extension that has now lapsed, new owners may wish to explore reapplying for development opportunities to further enhance value. Offered with no onward chain, this bungalow represents significant potential for those looking to make their mark on a classic structure.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -11.6% below area average per sq ft

-11.6%
Potential saving
This Property
£253/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£435,406
10% above area average per sq ft
Potential ROI
+10.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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
£1,322
Based on a loan of £262,500 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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