Worst House on the Street Logo
North Molton, South Molton, Devon - Image 1
North Molton, South Molton, Devon - Image 2
North Molton, South Molton, Devon - Image 3
North Molton, South Molton, Devon - Image 4
North Molton, South Molton, Devon - Image 5
North Molton, South Molton, Devon - Image 6
North Molton, South Molton, Devon - Image 7
North Molton, South Molton, Devon - Image 8
North Molton, South Molton, Devon - Image 9
North Molton, South Molton, Devon - Image 10
North Molton, South Molton, Devon - Image 11
North Molton, South Molton, Devon - Image 12
North Molton, South Molton, Devon - Image 13
North Molton, South Molton, Devon - Image 14
North Molton, South Molton, Devon - Image 15
North Molton, South Molton, Devon - Image 16
North Molton, South Molton, Devon - Image 17
North Molton, South Molton, Devon - Image 18
North Molton, South Molton, Devon - Image 19
North Molton, South Molton, Devon - Image 20
North Molton, South Molton, Devon - Image 21
North Molton, South Molton, Devon - Image 22
North Molton, South Molton, Devon - Image 23
North Molton, South Molton, Devon - Image 24

North Molton, South Molton, Devon

South West

£1,350,000

Listed on 08/09/2025

Property Details

Bedrooms
6
Type
Equestrian Facility
Area
4370 sqft

Description

Higher Ley presents a remarkable opportunity for those looking to invest in a historic farm property nestled within the scenic North Devon countryside, just outside Exmoor National Park. This estate features a main farmhouse believed to date back to the 15th century, complemented by an 18th/19th-century barn and additional outbuildings that enhance its charm and functionality. Spread over approximately 22.8 acres, the property includes various equestrian facilities, making it ideal for horse enthusiasts or as a smallholding. The interior offers versatile living arrangements across two floors with period characteristics such as exposed beams, original flooring, and fireplaces that accentuate the home's heritage. The principal living spaces include a spacious sitting room, formal dining area with log burner, and a rustic kitchen complete with flagstone floors and farmhouse-style cabinetry. Five first-floor bedrooms accessed via three staircases provide flexibility for family living or guest accommodation. Additionally, the detached annexe offers modern styling along with potential for rental income or multi-generational living arrangements. Outside, the extensive grounds feature landscaped gardens, paddocks suitable for livestock grazing or horse exercise areas, and versatile outbuildings including stables and a sand school. Notably, there is planning permission granted for additional accommodation development - an attractive prospect for further investment. Set between North Molton village and South Molton town provides convenient access to local amenities as well as recreational activities in surrounding rural landscapes and coastline. This property is ready for new owners to explore its full potential through thoughtful renovation.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +8.9% above area average per sq ft

+8.9%
This Property
£309/sq ft
Area Average
£284/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£1,363,265
10% above area average per sq ft
Potential ROI
-12.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX36)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -13.1%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on EX36 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

North Molton, South Molton, Devon
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£4,816
Based on a loan of £1,012,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates