About This Property

Discover what makes this home special

Fairhaven is a charming two-bedroom house nestled in the picturesque rural setting near Okehampton, Devon. This property offers a peaceful lifestyle with scenic countryside views, ideal for buyers seeking tranquility away from urban bustle. Despite its rural location, Fairhaven benefits from proximity to essential amenities and improving transport links, including the upcoming reopening of the nearby Okehampton rail line which will enhance connectivity to Exeter and beyond.

The house is well-suited for small families, retirees, or professionals looking for a country retreat with potential for value growth due to planned local developments. Its location within the EX22 6FY postcode places it in a community-oriented area with access to quality schools, local shops, and recreational parks, blending rural charm with practical living conveniences.

Property Features

Fairhaven features a generous garden perfect for outdoor activities and gardening enthusiasts. The property includes off-road parking, a valuable asset in rural areas. Inside, two double bedrooms provide comfortable accommodation, complemented by a spacious living room that benefits from natural light and views of the surrounding countryside. The fitted kitchen is functional and well-maintained, suitable for everyday cooking needs. Overall, the house offers a blend of comfort and practicality with scope for personalization.

GardenOff-road ParkingTwo Double BedroomsSpacious Living RoomFitted KitchenCountryside Views

Local Amenities

Fairhaven is located within a short drive or cycle ride to Okehampton town centre, where residents can access a range of amenities. Education needs are served by Okehampton Primary School and Okehampton College, both well-regarded institutions. Daily shopping is convenient with the Co-op Food Supermarket and various independent shops nearby. For leisure and community activities, Simmons Park offers green space for walks and events, while local pubs such as The Castle Inn provide social venues. Healthcare needs are met by the Okehampton Medical Centre, and the town library supports educational and cultural engagement.

Okehampton Primary SchoolOkehampton CollegeCo-op Food SupermarketOkehampton Medical CentreSimmons ParkThe Castle Inn+1
Okehampton Railway Station Train Station (6.5 miles, 15 mins drive) • 45 mins by car to Exeter

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£245,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£245,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Appealing rural lifestyle
Limited immediate public transport options
Upcoming rail line reopening improves connectivity
Lower price point compared to urban areas

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
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International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£245,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
4.6%
Based on £939/mo rent
Area Price Growth
+0.1%
Average annual increase
5-Year Value Forecast
£246,227
+£1,227 projected gain
5-Year Rent Forecast
£1,153/mo
Based on 4.2% annual growth
Price per Sq Ft£288
Annual Rent Income£11,268
10-Year ROI184%
Break-Even Point22 yrs

Property Value Projection

Based on 0.1% annual growth
£246,227
5yr
£247,461
10yr
£248,701
15yr
£249,947
20yr
£251,199
25yr
Current: £245,000

Monthly Rental Income

Based on 4.2% annual growth
£1,153
5yr
£1,417
10yr
£1,741
15yr
£2,138
20yr
£2,626
25yr
Current: £939/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Location

Commute Time Planner

Exeter St Davids
N/A (no direct rail from Okehampton currently)
45 mins
Plymouth
N/A
50 mins

Location Scores

55
Walk Score
Somewhat Walkable
40
Transit Score
Some Transit
48
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Transport Infrastructure+Positive Impact
Okehampton Rail Line Reopening
6.5 milesEst. 2024-2025
Residential DevelopmentModerate Positive Impact
West Devon Local Plan Housing Expansion
Within 2 milesEst. 2025-2030
* Information based on local planning applications and may be subject to change

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£245,000
AvailableNB0000054235
View Location Analytics

Fairhaven

South West, EX22 6FY
Ruby Meadow
2
Bedrooms
0
Bathrooms
850
Est. Sq ft
house
Type

Developer

Lovell Homes
Available Plot Numbers
71071
2 plot(s) available
Ownershipfreehold

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Fairhaven
FairhavenSouth West£245,000

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