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East Down, Barnstaple

South West

£1,500,000
Listed on 29/12/2025

Property Details

Bedrooms
11
Type
Detached
Area
3562 sqft

Description

This property presents an exceptional opportunity for both residential and commercial investment in a serene rural setting of North Devon. Set within 6.3 acres of picturesque grounds, this historic mill house, along with a variety of outbuildings, boasts significant potential for reimagining its use. Originally dating back to 1244, the main farmhouse has retained many charming features, including period beams and an Inglenook fireplace, while incorporating modern enhancements that have been made over recent years. The estate's versatility opens up numerous possibilities, whether one envisions it as a family home or as a thriving business venture. Its layout is ideal for dual occupancy or converting into a multi-functional retreat space, wellness center, or even themed holiday accommodations to attract tourists seeking unique experiences. With many ancillary buildings already converted for varied uses and existing planning permissions partially in place, further development is not only feasible but already on the way. The abundance of outdoor spaces complements the indoor facilities beautifully—establishing areas suitable for events or creative workshops aligned perfectly with the tranquil environment. The property includes numerous charming outdoor settings such as terraces, walled gardens and woodland paths, enhancing its appeal as a potential wellness retreat or vacation destination. In addition to its aesthetic charm and historical significance, Holwell’s ample space provides an excellent canvas for innovation and expansion of both living arrangements and business operations. The location near Barnstaple ensures practical accessibility alongside the natural beauty of Exmoor National Park and North Devon coastlines. This property is truly special and requires viewing to appreciate its full range of possibilities.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +30.5% above area average per sq ft

+30.5%
This Property
£421/sq ft
Area Average
£323/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £400,000
Target Value
£1,264,403
10% above area average per sq ft
Potential ROI
-33.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX31)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -5.5%
5 year growth: +9.0%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£5,313
Based on a loan of £1,125,000 over 30 years at 3.91% 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

Price History

-9.1% since listed
£1,500,000£150,000(-9.1%)
01/03/2026
Current price
£1,650,000Initial listing
28/12/2025

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