7-bedroom house · EX20 3RX
For saleReduced £50k (−6.5%) on 21 JunListed 211 days
Opportunity summary
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About
Town Living Farm offers an excellent opportunity to acquire a charming three-bedroom farmhouse, two cottages currently run as successful holiday lets and several outbuildings.
The property benefits from a generous plot of approximately 2.8 acres and sits in a sought-after position, on the edge of Exbourne, close to Dartmoor.
The main house offers 1,920 sq ft of accommodation with white rendered elevations and a thatched roof.
Inside there are exposed timber beams and original fireplaces blended seamlessly with elegant décor and stylish fixtures and fittings.
The generous sitting room features timber beams overhead and an impressive fireplace with an original lintel and fitted with a woodburning stove.
There is also a comfortable drawing room with woodburner and an original cast-iron bread oven.
Towards the rear, the extended, 32ft kitchen and dining area provides further space for everyday living or entertaining, with skylights overhead and bi-fold doors opening to the rear garden and welcoming plenty of natural light.
The kitchen itself has farmhouse-style fitted units and wooden worktops, plus an Aga and a central island. There is also ample space for a family dining table.
The ground floor is completed by a cloakroom which can also be accessed from the outside. Upstairs there are three well-presented bedrooms, two of which are doubles.
The principal bedroom has a vaulted ceiling with exposed timber eaves, and features built-in storage and an en suite shower room, while the first floor also has a family bathroom with a freestanding roll-top bathtub and a separate shower unit.
The Cottages The Hayloft comprises an open-plan sitting area and kitchen, a cloakroom, two double bedrooms and a well-appointed family bathroom.
The Cowshed is detached and provides a welcoming sitting room and a well-equipped kitchen, both with flagstone flooring, along with two double bedrooms-one of which is en suite-and a family bathroom.
A carport provides covered parking while The Cow Shed also benefits from its own patio garden providing ideal space for al fresco dining and for admiring the picturesque countryside views.
The holiday cottages are currently successful holiday lets providing excellent income potential.
The cottages could also be used for ancillary accommodation offering versatile accommodation for multi-generational living.
At the entrance to the main house, a gravel driveway provides parking space for several vehicles, as well as access to the detached garage.
There are gardens to both the front and rear of the property, with the front gardens featuring an area of lawn, bordered by established shrubs and perennials.
At the rear there is a terrace for al fresco dining, with steps leading to a further lawn and a wooded meadow beyond.
There is also a large paddock with a substantial two-storey barn with the property enjoying approximately 2.8 acres in all.
Town Living Farm is set on the edge of the small village of Exbourne, in a peaceful location surrounded by beautiful Devon countryside and five miles north of the town of Okehampton.
Exbourne has a post office, a parish church, a primary school and a village pub, while there are several shops in Hatherleigh, approximately five miles away.
Okehampton offers a choice of shops, supermarkets and leisure facilities, while further schooling in the area includes a primary school at Hatherleigh and the outstanding-rated secondary, Okehampton College.
More extensive amenities are available in the regional capital of Exeter. The opportunities for outdoor pursuits in the area are endless.
There is good walking, riding and cycling direct from the property, whilst the National Parks of Dartmoor and Exmoor are both within easy reach.
Meeth Quarry Nature Reserve (150 hectares) is also nearby which joins up with the Tarka Trail where you can cycle, walk and ride.
Communications are excellent: Okehampton station offers hourly services to Exeter, with onward links to London Paddington, and the A30 provides fast and efficient connections to Exeter, and the M5.
Exeter Airport provides an ever-increasing number of domestic and international flights. Local Authority: West Devon Council Services: Mains electricity, water and drainage. Oil-fired central heating.
Council Tax: Main House band E Tenure: Freehold EPC: Main House: D, The Hayloft: D, The Cow Shed: C Mobile/broadband checker: M Information can be found here Wayleaves and easements: The property is sold subject to any wayleaves or easements, whether mentioned in these particulars or not
Value & comps
No previous sales on record.
Returns
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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.
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About Town Living Farm Lot 1,, Exbourne, Devon
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