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See how verdicts work3-bedroom bungalow · EX20 3AA
For saleListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This wonderful, detached bungalow is situated within a large, private plot on the outskirts of the quaint village, Folly Gate.
As a result of being located within close proximity to the nearby market town Okehampton, stunning views of Dartmoor and surrounding countryside are in abundance.
Upon approach, you are greeted by a centralised front garden with off-road parking arrangements available to both sides of the property.
The well-established stone boundary wall is a noticeable feature, alongside mature shrubs, and a beautiful array of flowers on display.
Initial entry into the bungalow leads you into the bright and spacious entrance hall.
Located to the front of the property are the two larger bedrooms, both benefitting from practical en-suite shower rooms.
As we continue, you have further offerings of the third bedroom and family bathroom. All areas boasting modern & neutral décor throughout.
To the rear of the property, you have the heart of the home, the living/dining room.
Alongside the generous floor space and warming log burner, you have expansive panoramic views ranging far and wide over the rolling Devonshire countryside.
The property also boasts having a large kitchen, offering plentiful worktop space, and room for all of those essential household appliances.
Adjoining to the kitchen you have a charming conservatory which is currently used for a breakfast room, again to enjoy the spectacular views.
The rear garden is one of the unique attributes of the bungalow, featuring weaving graveled pathways, immaculate presentation, and integrated water feature.
Surrounded by well-established flower beds, you are persuaded to continue to the end of the garden where there is a private and peaceful paved area.
Due to the versatile layout and design, there is the potential to expand the living accommodation into the current loft space, a factor multiple neighbours have taken advantage.
An extra bedroom or private office space could be created.
(STP) Folly Gate is located on the edge of Okehampton, a short distance from the desirable Dartmoor and offers a wide range of amenities including a swimming pool complex, several supermarkets, primary and secondary schools, golf course and a variety of local sports clubs.
The Cathedral and University City of Exeter is within 32 miles with its intercity rail and motorway links, whilst the market town of Holsworthy is some 151⁄2 miles.
Bude and the North Cornish Coast are some 25 miles and Torrington and the acclaimed rhs Gardens are also some 15 miles distant.
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
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FAQ
About Dumnonii,, Folly Gate, Okehampton
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