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East Down, Barnstaple

South West

£1,500,000
Listed on 01/03/2026

Property Details

Bedrooms
11
Type
Detached house
Area
3562 sqft

Description

This property presents a remarkable opportunity for both residential and commercial use, set within 6.3 acres of tranquil North Devon countryside. The main mill house, with origins tracing back to the 13th century, is accompanied by a variety of period outbuildings that hold significant potential for conversion or renovation. Previously utilized as a farm until the 1960s and later transformed into a holistic retreat, this estate offers a unique blend of history and versatility. The charming character features such as exposed beams and stone floors are complemented by modern enhancements made by current owners since their acquisition in 2016. Strategically located near Barnstaple, with easy access to dramatic coastlines and Exmoor National Park, the property is positioned for various uses including multi-generational living, wellness retreats, wedding venues, or holiday accommodations—all subject to planning consent. Plans exist for additional conversions of barns into further ancillary living spaces and even themed retreats could be developed here. Additionally, the grounds include numerous outdoor amenities like woodland walks, gardens designed for leisure activities, and communal areas ideal for gatherings or workshops. With structures already set up to support business operations—such as a yoga studio and therapy rooms—the possibilities are endless. Given the growing market for unique getaways in picturesque settings, further investment could yield lucrative returns while preserving the site's historical essence.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +31.5% above area average per sq ft

+31.5%
This Property
£421/sq ft
Area Average
£320/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£1,254,804
10% above area average per sq ft
Potential ROI
-34.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.0%
Investment Disclaimer: Analysis based on EX31 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

East Down, Barnstaple
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,410
Based on a loan of £1,125,000 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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