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North Molton, South Molton, Devon

South West

£1,350,000
Listed on 29/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4370 sqft

Description

Higher Ley is a historic farm property nestled in the scenic North Devon countryside, just outside Exmoor National Park and conveniently near South Molton. This unique estate encompasses approximately 22.8 acres of varied landscapes and includes a detached annexe and extensive outbuildings, providing substantial renovation and investment opportunities. The farmhouse, believed to have origins dating back to the 15th century, showcases numerous period features such as exposed beams, original flooring, and striking fireplaces that deliver charm and character throughout. The layout comprises a welcoming reception hall leading into a spacious sitting room with a woodburning stove and an abundance of natural light from its dual aspect windows. A formal dining room also features an original fireplace fitted with a log burner, complemented by a snug area for additional living space. The kitchen retains its rustic appeal with flagstone flooring, timber beams overhead, and farmhouse-style units incorporated around an inglenook fireplace which houses the range cooker. Additional storage is found in the large utility room, which also boasts space for appliances and even a sauna. On the first floor are five versatile bedrooms accessible via three staircases. The principal bedroom benefits from built-in storage and an en suite bathroom plus another bedroom with its own staircase leading to en suite facilities. Three further double bedrooms share a sizeable family bathroom. The detached annexe offers further potential for multi-generational living or rental income (subject to obtaining necessary consents). It features modern design elements while still providing comfortable living spaces including an open-plan kitchen/dining area and multiple bathrooms. Surrounded by peaceful grounds, the property includes extensive outbuildings such as stables and a sand school tailored for equestrian interests. Additionally, planning permission exists for developing ground-floor accommodation suitable for relatives or additional office space above. The well-maintained garden areas include sunny walled sections ideal for entertaining outdoors, alongside vegetable plots equipped with greenhouse facilities. The surrounding fields are perfect for grazing livestock or housing horses. Conveniently located between North Molton village—offering essential amenities—and South Molton’s broader array of shops, community services, and access routes towards Barnstaple and Exeter, Higher Ley is positioned to provide both tranquil rural living and practical accessibility.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +9.7% above area average per sq ft

+9.7%
This Property
£309/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,353,651
10% above area average per sq ft
Potential ROI
-9.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -9.9%
5 year growth: +18.3%
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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,869
Based on a loan of £1,012,500 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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