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Middle Marwood, Barnstaple, Devon, EX31

South West

£700,000
Listed on 01/03/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1980 sqft

Description

Nestled in a serene rural locale, this four-bedroom period farmhouse presents an excellent opportunity for renovation and investment. Set on approximately 2.5 acres, the property features numerous outbuildings that could be repurposed or expanded upon to enhance functionality and lifestyle offerings. Built originally as the farmhouse for Patsford Farm, it showcases traditional architecture with rendered stone exteriors beneath a slate roof and retains several charming period details such as exposed beams and an inglenook fireplace. The ground floor encompasses a spacious entrance hall leading to two reception rooms, a kitchen, and a sizeable walk-in dairy, complemented by a lean-to boot room at the rear alongside a separate WC. The upper level features four double bedrooms, including a principal suite, along with a family bathroom and additional WC. A key feature is the stone-built former shippen that has been adapted for stabling and storage; its versatility allows for potential conversion into workshops or creative spaces following appropriate planning permissions. The surrounding outbuildings also hold significant promise for various uses—be it agricultural, storage or expanding living space. The expansive grounds consist of manicured gardens in front of the house, two pasture fields at the rear, and an orchard along the western edge, creating an idyllic setting ripe for further development. Located at the end of a wooded lane within North Devon’s Marwood parish, this property is just six miles from Barnstaple’s diverse amenities and only four miles from Braunton’s everyday essentials. Access to beautiful North Devon beaches and Exmoor National Park adds to its appeal. Education facilities are nearby with primary schools in Marwood and secondary education accessible within Braunton and Barnstaple. Recreational options abound with local golf courses and sports clubs catering to various interests.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +10.4% above area average per sq ft

+10.4%
This Property
£354/sq ft
Area Average
£320/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£697,505
10% above area average per sq ft
Potential ROI
-12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Middle Marwood, Barnstaple, Devon, EX31
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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
£2,525
Based on a loan of £525,000 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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