3-bedroom bungalow · EX20 3HG
Listing removedListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the popular village of Petrockstowe, this semi-detached 2/3 bedroom dormer bungalow offers an exciting opportunity for those looking to create a fantastic home tailored to their own tastes and requirements.
Requiring full renovation throughout, the property presents excellent potential for improvement, extension subject to any necessary consents, and modernisation, making it an ideal project for builders, investors, or buyers seeking a property they can truly make their own.
The accommodation is versatile in its current layout, with the ground floor offering a generous living space, kitchen area, bathroom, and additional reception rooms or bedrooms depending on individual needs.
Upstairs, the property benefits from a further double bedroom set within the dormer roof space, enjoying an elevated outlook over the surrounding area.
While the property is in need of significant updating and refurbishment, it offers a solid footprint and plenty of scope to reconfigure and enhance.
Externally, the property enjoys gardens surrounding the bungalow, providing ample space for landscaping, outdoor seating areas, or family gardens.
There is also potential for driveway parking subject to any required alterations. The property also boasts the benefit of having a spacious garage.
The setting offers a peaceful village lifestyle whilst remaining accessible to the nearby towns of Hatherleigh and Okehampton, where a wider range of shops, amenities, and schooling can be found.
The nearby A386 and A30 also provide convenient links further afield. This is a rare opportunity to acquire a property with genuine potential in a well-regarded Devon village.
Offered to the market with no onward chain, early viewing is recommended to fully appreciate the possibilities on offer.
Auctioneers Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. Situated within the idyllic Devonshire village of Petrockstowe, this impressive residence is within close proximity to the village centre and its amenities on offer.
There is a thriving local community, alongside two churches and the parish hall, the nearby Tarka trail is quite the attraction. The nearby market town of Hatherleigh is approx.
Four miles from Petrockstow, with further benefits of cafes, a post office and shopping opportunities. Schools can be found at Hatherleigh and Merton for primary education.
Secondary education can be located at neighbouring market towns, Okehampton and Torrington. The private school of Shebbear is only four miles from the village also.
Value & comps
No previous sales on record.
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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 starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 8, Oaklands, Okehampton
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