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See how verdicts work2-bed dwelling + 4-bed dwelling + 3-bed dwelling · EX20 3ET
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to purchase a North Devon residential development site comprising a range of traditional and agricultural buildings with planning consent for conversion into 3 dwelling units.
Freehold. Situation The property is situated on the edge of the village of Petrockstowe, a peaceful rural community surrounded by typically rolling Devonshire countryside.
The village itself has a strong community spirit and there is a well known local inn, together with an excellent village hall.
Close by is the popular historic market town of Hatherleigh with an excellent range of shops and services, which include a primary school, doctors and veterinary surgeries.
The nearby town of Okehampton has an excellent range of amenities with three supermarkets including a Waitrose, a range of high street shops, modern hospital and leisure centre in the attractive setting of Simmons Park.
The town has schooling from infant to sixth form level.
Okehampton gives direct access to the A30 dual carriageway, providing a link west into Cornwall and east to Exeter with its M5 motorway, main line rail and international air connections.
From Petrockstowe, there is easy access to the scenic Tarka Trail and the Dartmoor National Park is easily accessible at Okehampton.
The North Devon towns of Bideford, Barnstaple and Torrington are within easy driving distance, as are the coasts of Devon and Cornwall, with attractive beaches and delightful coastal scenery.
Description The property comprises a range of traditional and modern agricultural buildings with consent for residential development situated on the edge of Petrockstowe, Devon.
The site comprises the following: The Old Stables (Building 3) Planning consent has been granted for the conversion of the barn into a two bedroom dwelling.
App Refs: 1/1011/2023FUL & 1/1012/2023LBC Old Dairy (Building 4) Planning consent has been granted for the conversion and extension of the barn into a four bedroom dwelling.
App Refs: 1/1014/2023FUL & 1/1015/2023LBC Lock-Up (Building 5) Planning consent has been granted for the conversion of the building into a three bedroom dwelling.
As part of the planning permission granted, some of the existing agricultural buildings are required to be demolished to provide sufficient parking and amenity areas to each dwelling.
App Refs: 1/1013/2023FUL As part of the planning permission granted, some of the existing agricultural building are required to be demolished to provide sufficient parking and amenity areas to each dwelling.
Drawings All drawings can be found on the Torridge District Council website or alternatively copies can be provided by request.
Local Authority Torridge Country Council Services The purchaser is advised to make their own investigations with the relevant services providers to sought new connections.
The vendor reserves the right for neighbouring parties to connect to these services.
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 Development Site at Berry Farm, Okehampton
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