Okehampton, Devon 3 bed terraced house for sale

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Okehampton, Devon 3 bed terraced house for sale

Okehampton, Devon EX20
£250,000

Our Summary

  • Combined with the commercial unit, the property produces an annual rental income of £19,800, representing a strong return and excellent income potential for investors
  • The combination of a versatile ground-floor commercial unit with two residential flats above offers flexibility, security, and significant income potential
  • Mixed-Use Investment Opportunity

Description

This property, located in the heart of Okehampton, offers a unique opportunity for both investors and owner-occupiers. The building comprises a spacious commercial unit on the ground floor, with two self-contained flats above, providing a blend of business potential and residential appeal. The commercial space has a prominent position on North Street, ensuring excellent visibility and footfall, and is currently rented for £550 per month. The two flats above are accessed via separate entrances, providing privacy and security for residents, and are currently let for £500 and £600 per month, generating a reliable rental income. With an annual rental income of £19,800, this property presents a strong return and excellent income potential for investors. Okehampton is a thriving market town with a strong sense of community and excellent local amenities, making it an attractive proposition for those looking to combine work and home life or for investors seeking a property with multiple income streams in a prime location.