Okehampton, EX20 1FX

Situated in a popular and convenient area of Okehampton, this well-presented three-bedroom semi-detached house offers comfortable family living close to schools, local amenities, and the recently reopened railway station providing easy access to Exeter. The kitchen, located at the front of the house, is fitted with practical units and space for appliances, while the rear living room opens via large double doors onto a terrace and private garden, creating a bright and versatile space for relaxing or entertaining. Completing the ground floor is a useful WC, and upstairs there are three bedrooms and a family bathroom, offering flexible accommodation for families, guests, or home working. The property benefits from off-road parking, a well-maintained garden, and a location on the edge of Dartmoor, combining practicality, lifestyle, and excellent transport links in one appealing package.

An excellent investment opportunity, this versatile freehold property offers a unique combination of commercial and residential accommodation within a single building, perfectly suited for investors, owner occupiers, or those seeking future development potential. Conveniently located, the property is arranged over two floors and is currently configured with a commercial premises to the ground floor and a residential apartment above. The first-floor tenant is happy to remain in situ, while the current ground-floor tenant has given notice and is due to vacate shortly, meaning the commercial space will soon be available for occupation or re-letting.

The ground floor is configured as a functional shop or office space, accessed via a shared entrance leading into an inner lobby. From here, a spacious main reception area offers a bright and adaptable workspace, with a separate room currently utilised as storage. Adjoining this are a further office and a well-appointed kitchen, while a rear lobby provides access to the cloakroom/WC. The layout lends itself well to a variety of commercial uses and offers an exciting opportunity for an owner occupier seeking business premises with residential accommodation above. Equally, subject to any necessary consents and approvals, the ground floor may offer potential for conversion into additional residential accommodation, enhancing the long-term versatility and value of the property.

Above, the first-floor apartment offers thoughtfully designed living accommodation. A landing with two storage cupboards leads to an open-plan living, dining, and kitchen area, ideal for modern day living. The apartment includes a generous double bedroom and a comfortable single bedroom, along with a bathroom/utility space, providing practical and appealing accommodation for tenants. The property is fully equipped with mains electric, water, and drainage, and benefits from electric heating throughout.

With the upper floor remaining tenanted and the ground floor becoming vacant in due course, the property presents a rare degree of flexibility. Purchasers may wish to continue as a mixed-use investment, occupy the commercial premises themselves while retaining rental income from the apartment above, or explore alternative uses for the ground floor, subject to the relevant permissions.

The commercial rateable value is £2,900 per annum, payable by the tenant when occupied, while the residential element falls under Council Tax Band “A.”

Set within a convenient location with excellent access to local amenities, this property provides both immediate income and exciting future potential, combining residential comfort with commercial versatility. Whether as an investment, a live/work opportunity, or a project with scope for enhancement, it is well-positioned to deliver both lifestyle and financial benefits to its new owner.