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16 Ashley Road, Okehampton, Devon EX20 1PX
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
2 Bed Ground Floor Flat - 16 Ashley Road, Okehampton, Devon
16 Ashley Road, Okehampton, Devon EX20 1PX
For Sale
£70,000+
Key Features
2 Bed Ground Floor Flat
Guide price £70,000+
Lot 17
Current status: For Sale
Suggested strategy: Buy-to-Let
Description
2 Bed Ground Floor Flat at 16 Ashley Road, Okehampton, Devon EX20 1PX. Offered in Auction House South West's livestream auction on 9 September 2026. Current catalogue status: For Sale.
Location
The property is located at 16 Ashley Road, Okehampton, Devon EX20 1PX. Mapping coordinates are populated from the full postcode/address area rather than the broad postcode district.
Investment Analysis
Investment Snapshot
Guide Price | £70,000+ |
Refurbishment / Works Budget | HB indicative £5,000–£15,000 |
Purchase + Works | £75,000–£85,000 |
Estimated GDV / Value | £84,000–£105,000 |
Estimated Private Rent | £600–£850 pcm |
Potential Annual Rent | £7,200–£10,200 pa |
Gross Yield on Guide | 10.3%–14.6% |
Suggested Strategy | Buy-to-Let |
Strategy Recommendation
Initial strategy: Buy-to-Let. Set a maximum bid after checking the legal pack, condition, finance, local rents and comparable sales.
Works Required
Obtain a survey and contractor quotations. Allow for services testing, compliance, decoration and property-specific structural, roofing, damp, kitchen, bathroom, external or development works.
Rental & Market Context
HB figures are indicative appraisal ranges. Verify achievable rent, demand, voids, management costs and resale values using current local evidence.
Sold within approximately 5 miles
Check recent Land Registry sales and closely matched local comparables for type, size, tenure and condition before bidding.
Potential BRRR Position
Refinance potential depends on completed condition, lender valuation, tenure and rental stress testing. Development and commercial assets require specialist lender criteria.
Flip Analysis
Indicative gross spread before transaction and finance costs is approximately £-1,000–£30,000. This is not profit and excludes SDLT, fees, finance, holding costs, professional fees, contingency, selling costs and tax.
Investor Risks & Due Diligence
Read the full legal pack and special conditions
Verify tenure, occupancy, planning and title restrictions
Inspect condition and obtain contractor quotations
Confirm finance and insurance availability
Verify rents and recent sold comparables
Allow for buyer premium, administration charges and disbursements
Recommendation
Proceed only where the verified total project cost supports the intended buy-to-let strategy with adequate contingency and margin.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆
Auction Details :
Auction House South West
Auction Date :
09/09/26
Lot Number :
017
Property Location:
16 Ashley Road, Okehampton, Devon EX20 1PX
View our Property Calculators:
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Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
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Property Development Calculator - Assess development costs, GDV and potential profit.
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Build Cost Calculator - Estimate refurbishment, extension and construction costs.
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Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.
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