5-bedroom house · EX20 3BN
For saleReduced £40k (−7.4%) on 6 OctListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free detached four/five bedroom home with wrap around gardens and owned solar panels Offered to the market with no onward chain and currently vacant, this substantial freehold detached home occupies a generous plot within the sought after Devon village of Northlew.
Approached via its own gated entrance and private driveway, the property provides spacious and versatile living throughout, with wrap around gardens, parking for up to four vehicles and owned solar panels generating an attractive Feed-in Tariff income.
The ground floor has been thoughtfully arranged to suit a variety of lifestyles.
A welcoming living room provides a comfortable space for everyday relaxation, while the separate dining room is ideal for family meals and entertaining.
The kitchen is well positioned alongside a practical utility room with WC, helping to keep household tasks separate from the main living areas.
A dedicated study offers an excellent space for those working from home, while a second study, which could equally be used as a fifth bedroom, provides valuable flexibility to suit changing family requirements.
The first floor comprises four well proportioned bedrooms and the family bathroom.
The principal bedroom benefits from built in wardrobes, while bedroom three also includes built in wardrobes, providing excellent storage.
Bedrooms two and four offer comfortable living space for family members or guests.
Outside, the property enjoys gardens that wrap around all sides of the house, creating a wonderful setting for outdoor living, gardening and family enjoyment.
Positioned centrally within its plot, the home enjoys a pleasant sense of space and privacy. To the front, the gated driveway provides off road parking and turning space for up to four vehicles.
A notable feature of the property is the owned solar panel system, installed in 2012 and included within the sale. The panels are owned outright and are not subject to a lease agreement.
The existing Feed-in Tariff can be transferred to the new owner, with an eligibility period running until February 2037.
The current tariff includes a generation payment of 43.3p per kWh and an export payment of 3.1p per kWh, providing the opportunity for an ongoing income alongside reduced energy costs.
Northlew is a popular and welcoming Devon village with a strong sense of community.
Village amenities include a well regarded primary school, traditional village pub, parish church, village hall and playing fields.
The nearby market town of Okehampton offers a wider range of facilities including supermarkets, independent shops, cafés, restaurants, healthcare services, leisure facilities and secondary schooling.
The property is also ideally situated for enjoying Dartmoor National Park, with its miles of walking, cycling and riding routes, while the A30 provides excellent road links to Exeter, Cornwall and the surrounding areas.
This chain free detached home combines generous and flexible living space, attractive wrap around gardens, owned solar panels with a transferable Feed-in Tariff and a desirable village location, making it an excellent opportunity for families, home workers and those seeking a peaceful countryside lifestyle.
Viewing is highly recommended to fully appreciate the size and potential of this property.
Buyer Process: Our customers use British Homebuyers to either purchase or assist in selling properties quickly and reliably.
Therefore any new applicants to purchase are subject to vetting to ensure they meet strict criteria. Exclusivity Fee: You can secure the purchase by paying an exclusivity fee of £2,000.
This grants the buyer exclusive rights to proceed with the purchase for the duration of the conveyancing process, during which time the seller agrees to remove the property from the market and not negotiate with other parties.
The exclusivity fee is returned to the buyer upon successful completion of the purchase.
A processing fee of £200 is required in order to draw up an exclusive legally binding contract between the buyer and seller.
This agreement sets out the terms of exclusivity and seller commitment but does not constitute an exchange of contracts.
This arrangement provides buyers with reassurance that the property is secured exclusively for them, reducing the risk of gazumping and unnecessary aborted costs.
Disclaimer The particulars are set out as a general outline only for the guidance of intended purchasers and do not constitute, any part of a contract.
Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any of the services, appliances, equipment or facilities are in good working order.
Purchasers should satisfy themselves of this prior to purchasing. The photograph(s) depict only certain parts of the property. It should not be assumed that any contents/furniture etc.
Photographed are included in the sale. It should not be assumed that the property remains as displayed in the photograph(s).
No assumption should be made with regard to parts of the property that have not been photographed.
Any areas, measurements, aspects or distances referred to are given as a guide only and are not precise. If such details are fundamental to a purchase, purchasers must rely on their own enquiries.
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact.
Please make further inquiries to ensure that our descriptions are likely to match any expectations you may have.
Living Room (6.6m x 3.9m) Dining Room (5.5m x 3.9m) Kitchen (3.7m x 3.6m) Utility Room W.C Bedroom Five (4.1m x 3.5m) Study (3.5m x 1.8m) Bedroom One (4.7m x 3.3m) Bedroom Two (3.9m x 3.3m) Bedroom Three (3.7m x 3.3m) Bedroom Four (3.3m x 2.9m) Bathroom (2.8m x 1.8m)
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 advisors 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
FAQ
About Oljonna House,, Station Road, Okehampton
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