The Willow, Brook Close, Sampford Courtenay, Okehampton, Devon

Description

A partially constructed detached dwelling which benefits from planning permission for a one-bedroom dwelling. Key features include a partially completed detached single-storey dwelling, private enclosed courtyard and further garden area, and bespoke design.

Accommodation

Entrance, open-plan kitchen/living/dining room, bedroom with en-suite, additional room and bathroom.

Location

Situated just off the northern slopes of Dartmoor, Sampford Courtenay is an attractive village surrounded by open countryside. Okehampton is approximately six miles away and provides a range of shops, services, leisure facilities and schools, including Okehampton Primary School and Okehampton College. The area is served by local rural roads linking towards the B3215 and the A30, providing access towards Exeter, Cornwall and the wider Devon road network.

Tenure / Property Information

Investment Analysis

The supplied completed sales are detached freehold properties in the same village, ranging from £385,000 to £445,000 in 2022–2025. They are not identified as one-bedroom or partially completed dwellings, and no floor area, specification, completion percentage or condition details are supplied. They therefore provide broad local context only and do not support a reliable GDV for The Willow. The £115,000+ guide is not itself evidence of market value. Unknown buyer and other non-optional fees further limit project-cost analysis.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the planning and construction documentation, confirming the exact remaining works and obtaining independent completion-cost and valuation advice. Do not rely on the supplied comparables or guide price alone.

Works Required

Complete the partially constructed one-bedroom dwelling in accordance with the planning permission and verify the remaining construction, services, finishes and statutory approvals. The evidence does not identify the outstanding works or support a cost allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because the remaining construction cost, completed value, achievable rent, finance costs and total acquisition costs are unknown. Refinance at 75% of GDV cannot be calculated without a supported GDV.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, gross yield and debt-service potential cannot be established. The dwelling is vacant and partially completed, which also means it is not currently evidenced as lettable.

Flip Analysis

A flip surplus cannot be calculated. The local detached sales provide only broad context and are not sufficiently comparable to a partially completed one-bedroom dwelling. Remaining works, resale value, selling costs and buyer charges are unsupported.

Investor Risks & Due Diligence

• Partially completed construction with no documented scope or cost of remaining works.

• The supplied sales comparables are detached local properties but are not identified as one-bedroom or partially completed.

• No sufficiently specific rental evidence or passing rent is available.

• EPC, council tax and heating information are not supplied.

• Buyer administration, other non-optional fees, VAT, Stamp Duty and Land Registry costs are not quantified.

• Planning and statutory completion status should be verified before relying on the proposed use.

Recommendation

Proceed only after reviewing the planning and construction documentation, confirming the exact remaining works and obtaining independent completion-cost and valuation advice. Do not rely on the supplied comparables or guide price alone.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, planning status, broad accommodation and local detached sales, but omits floor area, construction stage, remaining works, costs, EPC, heating, rent, fees and a sufficiently comparable completed sale.