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Tiverton

South West

£695,000
Listed on 13/03/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

Nestled in the scenic Exe Valley, this former 18th-century water mill presents an exceptional investment opportunity for those looking to revitalize a unique property. Previously operating as a popular café/bistro and retail space, it features five interconnected trading areas that boast characterful elements like exposed beams and stone fireplaces. The building is complemented by a spacious two-bedroom apartment on the top floor, providing versatile living options or accommodation for staff. Surrounded by approximately 7 acres of attractive grounds—including trade gardens, a large car park, and riverfront—there is significant potential for further development. The site could accommodate tourism initiatives such as glamping or lodge-style accommodations, subject to planning permissions. The property's recent closure offers a blank canvas for prospective buyers to either re-establish the previous business model or adapt it for alternative commercial ventures.

Investment Analysis

(EX16 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on EX16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Tiverton
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,507
Based on a loan of £521,250 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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