Exbourne, Okehampton, EX20 3QX

Description

Birchwood enjoys a peaceful rural position just outside the popular village of Exbourne, accessed from a quiet country lane amidst the rolling West Devon countryside. Exbourne offers a range of everyday amenities including a village shop, public house, primary school and parish church, whilst the nearby market town of Okehampton provides an extensive range of shopping, educational and leisure facilities together with convenient access to the A30 dual carriageway. Description Birchwood comprises a traditional detached property of rendered elevations beneath a slate roof, complemented by a range of former stables, outbuildings and adjoining land. The non listed property offers an excellent opportunity for renovation and modernisation, while the adjoining paddock and ancillary buildings provide considerable scope for small-scale agriculture, equestrian pursuits or amenity use. In all, the property extends to approximately 2.13 acres. The cottage offers well-proportioned accommodation comprising two reception rooms, a kitchen, rear utility room and ground floor bathroom. On the first floor, there are two double bedrooms and a single bedroom, all enjoying an outlook over the private garden. The property would now benefit from a programme of renovation and modernisation throughout, providing purchasers with an excellent opportunity to refurbish the property to suit their own individual requirements. The property is complemented by a range of traditional outbuildings, some adjoining the farmhouse and formerly used for stabling and general-purpose storage. A further two agricultural buildings are situated within the paddock to the east and, although unused for a number of years, offer potential for refurbishment or alternative use, subject to the necessary consents. The adjoini

Accommodation

Location

Kivells describes the property as being in Exbourne, Okehampton, EX20. The location context and accessibility should be verified by the buyer before bidding.

Tenure

Auction Information

Investment Analysis

The figures below are HB desktop estimates for screening purposes, not valuations or quotations. They use the Kivells guide price and property particulars together with current local market evidence where available. A survey, legal-pack review, contractor pricing and local agent appraisal are required before bidding.

Investment Snapshot

Market Comparables

Comparable prices above are marketed/guide figures unless explicitly described as sold. They are screening evidence, not a formal valuation.

Proposed Works

Rental Value

Rental comparables are advertised rents unless otherwise stated; achieved rent may differ.

Low / Base / High Investment Scenario

BTL Analysis

BRRR Analysis

Flip Analysis

Maximum Bid Indicator

Strategy Recommendation

Rural refurbishment / resale; lifestyle hold. The investment case is highly sensitive to the actual condition, legal pack and achieved end value/rent.

Strategy Rating

Key Risks

• Works scope, outbuildings, septic drainage and rural comparables
• Auction purchase is legally binding; review the legal pack and all seller charges before bidding.
• Desktop GDV/rent/works assumptions require independent verification.

Analysis Confidence

Medium for source facts; low-to-medium for desktop investment estimates until survey, legal pack, contractor quotes and local agent appraisal are obtained.