3-bedroom bungalow · EX20 3JB
For saleReduced £10k (−2.7%) on 16 SepListed 68 days
Opportunity summary
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About
Set within an attractive and unusually generous plot, this appealing bungalow offers a wonderful combination of well-proportioned accommodation, extensive outside space and excellent versatility, together with a detached outbuilding which provides exciting potential for use as a studio, home office, hobbies room or ancillary accommodation, subject to any necessary consents.
The main residence is approached through the grounds and offers a practical and adaptable layout, making this a property that could comfortably serve as a long-term home.
At the heart of the property is a spacious kitchen and dining room, providing a sociable setting for everyday family life, while a separate utility room offers useful additional household space.
The generous living room provides an inviting place in which to relax, with a useful sunroom extending the living accommodation and creating a pleasant connection with the surrounding garden.
The ground floor also provides a bedroom and family bathroom, while two further bedrooms are situated on the first floor, offering flexibility for family, guests or those requiring additional space.
Internally, the property would now benefit from some updating and modernisation, allowing a new owner the opportunity to gradually introduce their own style and specification.
Importantly, the property is comfortably liveable in its current form, with no immediate works understood to be required, meaning improvements can be undertaken over time and at the owner's own pace.
This makes the property particularly appealing to those looking for a home that can evolve with them, rather than one requiring significant immediate expenditure.
Outside, the property is where it really comes into its own.
The generous grounds extend around the house, incorporating established garden, parking and amenity areas, with an impressive amount of space rarely associated with properties of this nature.
The accompanying plan illustrates the substantial extent of the plot, providing considerable scope for gardening, recreation and outdoor entertaining, while also offering a good degree of privacy.
A detached outbuilding sits within the grounds and offers considerable versatility.
Currently arranged into several rooms, it could lend itself to use as a studio, home office, hobbies space or potentially an annex, subject to the necessary permissions and consents.
This additional building significantly enhances the property's appeal and could be particularly useful for those working from home, accommodating guests or requiring independent space away from the main house.
Overall, this is a rare opportunity to acquire a substantial bungalow with generous grounds, garaging and valuable additional accommodation, offering both immediate comfort and exciting scope for the future.
With its flexible layout, sizeable plot and potential to modernise gradually, this is a property that could be enjoyed for many years to come and developed into a truly individual long-term home.
Hatherleigh is a historic market town in central Devon, known for its scenic location at the meeting point of the Rivers Lew and Torridge.
With over a thousand years of history, the town features traditional architecture, including the famous Rams Head sculptures in the town square, and has a vibrant arts scene, with works from local artists decorating its streets.
The weekly Tuesday market is a highlight, where locals and visitors gather to shop and socialize.
The town also hosts an annual carnival in November, featuring unique customs such as the burning of tar barrels and a jazz band procession.
Situated along the Tarka Trail, Hatherleigh offers beautiful walking and cycling opportunities, with nearby Belvedere Castle providing panoramic views of Dartmoor and Exmoor.
With its rich heritage, active arts community, and regular cultural events, Hatherleigh offers a delightful mix of rural charm and modern life, making it an attractive destination for both residents and visitors.
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.
Area
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FAQ
About 18A,, South Street, Okehampton
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