7-bedroom house · EX20 1DH
For saleListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
St James Street, Okehampton This attractive and imposing red brick property was, up until 1995, the towns Police station.
Since then it has been sympathetically converted to create 3 maisonettes and 2 upper floor apartments, which enjoy rooftop views across town & towards Dartmoor.
The building is literally a stones throw from the town centre and amenities. To the rear of the property a private driveway gives access to a communal car park serving all 5 properties.
Although there is no recreation space, the picturesque georgian Simmons park is only a 2 to 3 minute walk away, offering river walks, large expances of open green space and a footpath up to the station and moors.
The town of Okehampton sits on the northern fringes of Dartmoor National Park, ideal for those who love walking or just experiencing quiet country walks.
The nearby city of Exeter is approximately, 20 mins away by train and sits about 23 miles away by car, although there is also an excellent bus service.
This historic castled town offers primary and secondary schooling, 3 supermarkets and a wide variety of retail outlets, cafes & eateries.
The nearby towns of Launceston and Tavistock are also easily accessible by bus or car and the north coastal town of Bude is approximately 30-35 minutes drive away and offers sandy beaches and coastal walks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Peel House, St James Street, Okehampton
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