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Muddiford, Barnstaple, Devon, EX31

South West

£795,000
Listed on 12/05/2026

Property Details

Bedrooms
6
Type
Detached
Area
4518 sqft

Description

This unique character property presents a remarkable opportunity for those looking to invest in a versatile estate with significant potential. Encompassing a former mill and multiple outbuildings, the site offers the flexibility for various residential or commercial ventures, subject to planning approvals. Situated on the outskirts of Muddiford, you are just a short drive from Barnstaple and the stunning North Devon coastline, making it an attractive location for holiday accommodation, events venues, or even a home-based business. The Grade II Listed former mill dates back to the 1600s and boasts a Georgian façade that enhances its charm. The main residence offers spacious living across three floors with six bedrooms, including separate accommodation in Riverside Cottage which has been successfully utilized as a holiday let. The property's extensive grounds span approximately 4.6 acres, featuring formal gardens, paddocks, and picturesque watercourses. The outbuildings provide additional spaces that could be adapted for various uses, such as workshops or storage facilities. The original mill building retains its historic mill wheel and has been previously used as an events space. Additionally, there is potential to develop the two-storey barn further. With its prime location near outdoor recreational areas and local amenities, this property holds significant investment potential in the rapidly growing hospitality sector. Renovation opportunities abound for those willing to breathe new life into this historic estate.

Investment Analysis

(EX31 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£176/sq ft
Area Average
£322/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,601,767
10% above area average per sq ft
Potential ROI
+69.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EX31)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -6.5%
5 year growth: +7.4%
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

Muddiford, Barnstaple, Devon, EX31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,836
Based on a loan of £596,250 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

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