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See how verdicts work3-bedroom house · EX20 1FW
Listing removedListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description It is in our opinion 28 Broom Park will make the perfect starter home for those seeking to join the property ladder.
Energy efficient and conveniently located on the edge of Okehampton town within the residential development of Meldon Fields.
First time to market since purchased from new in circa 2016 the property has clearly been well maintained by the current owner.
This quirky split level layout offers three bedrooms and two bathrooms with separate WC facilities on entrance level.
Complete with an enclosed, level rear garden and driveway parking for two vehicles.
Council Tax Band: C (West Devon Borough Council) Tenure: Freehold Property Location Broom Park a no through road cul-de-sac within the modern residential development of Meldon Fields, Constructed circa 2011, situated towards the eastern edge of Okehampton town where the town's amenities, schools, park and train station are approximately 2miles away.
An additional platform to the 'main line' direct to the City of Exeter is scheduled to be completed in 2026 which will be within walkable distance to the property.
This convenient location also offers great access to the A30 dual carriageway and nearby bus routes.
Entrance Hall (3.06m x 1.13m) WC (1.94m x 0.97m) Kitchen/Dining/Family Room (5.16m x 2.55m) Sitting Room (3.13m x 4.84m) First Floor Landing (1.71m x 1.90m) Bedroom 3 (2.13m x 1.91m) Bedroom 2 (2.85m x 3.15m) Second Floor Bedroom 1 (3.89m x 2.67m) En-Suite Shower Room (2.81m x 1.12m) Bathroom (1.96m x 2.09m) Airing Cupboard Outside A small open plan frontage with pathway to entrance door.
Driveway parking for two vehicles down the side elevation with gated access and steps down to the enclosed rear garden which is level and private.
Agents Note Please be advise that there is a management company in situ for this development. For further details please contact the agents.
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
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FAQ
About 28, Broom Park, Okehampton
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