We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally situated within a short walk of Okehampton Train Station and close to beautiful countryside walks, this well presented one-bedroom, ground floor apartment offers an excellent opportunity for first-time buyers, downsizers or investors alike.
The property benefits from a garage, parking and access to a communal garden.
Material Information/Utilities Water - Mains connection Drains - Mains Electric - Mains Heating - Mains Gas Broadband - Standard, Ultrafast and Standard available Mobile - EE, O2,3 & Vodafone good overage (ofcom) Council Tax Band - A EPC - tbc Lease Information Each leaseholder owns 1/6th share of the freehold.
The 125 year lease was granted in 1993 however this is of less significance as can be renewed as a shareholder of the freehold.
The service charge which includes buildings insurance is currently £66 per month. Entrance A front door opens to the Hall Fitted carpet.
Living Room A naturally well lit room with a large bay window, fitted carpet and two radiators.
Kitchen A range of matching floor and wall units with wood laminate worktops, aluminium sink with drainer and mixer tap, space and plumbing for a washing machine, built in electric oven with gas hob and extractor over and vinyl flooring.
Bedroom Fitted carpet, double glazed window and radiator.
Bathroom Comprising of a fully enclosed shower with electric shower fitting, pedestal sink, a close coupled toilet, double glazed obscure glass window, radiator and vinyl flooring.
Outside A tarmac driveway and shared parking area. From here steps lead down to a large and established communal garden.
Consumer Protection From Unfair Trading Regulations 2008 As the sellers agents we are not surveyors or conveyancing experts & as such we cannot & do not comment on the condition of the property, any apparatus, equipment, fixtures and fittings, or services or issues relating to the title or other legal issues that may affect the property, unless we have been made aware of such matters.
Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.
You are advised to check the availability of any property before travelling any distance to view.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png){kind=logo}
FAQ
About 101 Station Road, Okehampton
Explore nearby
