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See how verdicts work2-bedroom bungalow · EX20 3AB
For saleListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
New Road, Folly Gate, Okehampton This charming 2 bedroom semi-detached bungalow has been extended & refurbished to provide a wonderfully light and airy home.
A spacious external hall/boot room leads in to an inner hall and the rest of the accommodation, where there are 2 double bedrooms and a well appointed shower room/WC, a large semi open plan kitchen/dining room, which is dual aspect, and a modern fitted kitchen.
The sitting room is situated in the modern extension with timber and glazed bi-fold doors allowing for the space to be open plan or enclosed as a cosy snug in the winter months.
Formal gardens at the front are laid out with a combination of gravelled and paved areas as well as planted beds and borders offering colour.
To the rear is an enclosed west facing garden, enjoying extensive country views to Bodmin moor, mainly lawned for ease of maintenance with a garden shed and a variety of shrubs.
The property sits on the edge of the popular village of Folley Gate and just over a mile from the bustling former market town of Okehampton, which boasts 3 supermarkets, a varied range of retail outlets and excellent road and rail links to Exeter and beyond.
The A30 is a short drive away offering road links East and West and the cities of Exeter and Plymouth are both easily accessible by car as is Dartmoor National Park and the North Coast, some 40 minutes drive away.
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 4 New Road, Folly Gate, Devon
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