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Exbourne, Okehampton EX20

South West

£475,000

Listed on 04/07/2026

Property details

Bedrooms
4
Type
Land

Description

Situated at the edge of the desirable village of Exbourne, this property offers a unique opportunity for redevelopment within a picturesque rural setting in West Devon. Currently standing on approximately 27.85 acres of productive Grade 2 arable land, the site benefits from scenic views and access to the River Okement, which runs along its western boundary—perfect for those looking to invest in land with both agricultural and recreational potential. With full planning permission secured for the demolition of the existing structure and the construction of a substantial four-bedroom dwelling, this property presents an excellent investment prospect for those looking to create a bespoke family home or capitalize on rental opportunities in a tranquil location. While there are no existing services connected to the site, this blank canvas allows buyers to design their ideal amenities from scratch. The convenience of nearby local amenities in Exbourne and Okehampton, coupled with easy access to major road networks, enhances its appeal as a development project that balances rural serenity with accessibility.

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Investment analysis

(EX20 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£195
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX20)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -3.2%
5 year growth: +4.3%
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

Exbourne, Okehampton EX20
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Mortgage calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 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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