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East Down, Barnstaple

South West

£1,500,000
Listed on 04/03/2026

Property Details

Bedrooms
11
Type
Commercial Property
Area
3562 sqft

Description

This property presents a rare opportunity as a multifunctional estate, previously operating as a wellness retreat. Nestled within 6.3 acres of serene countryside in North Devon, this historic mill house and its outbuildings offer significant renovation potential for both residential and commercial uses. The main farmhouse, dating back to 1244 and enhanced by Georgian architecture, boasts numerous original features including exposed beams and stone floors, while also accommodating modern refinements. Alongside the main residence are several ancillary buildings, which have previously received planning consent for conversion into additional living spaces or business units. The extensive grounds feature charming outdoor areas including a circular courtyard, secret garden, and woodland paths that enhance the property's appeal as a holistic retreat or creative hub. With the right investment, there is ample scope to transform unconverted structures into guest accommodations or event spaces, capitalizing on the tranquil setting that has historically attracted artists and wellness practitioners alike. Further potential includes establishing themed lodges or converting existing facilities into studios suitable for various artistic endeavors. There are established utilities in place, alongside private drainage and heating options that together suggest that with some thoughtful renovation work, this estate can be revitalized effectively to meet diverse future aspirations.

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
£300,000 - £500,000
Target Value
£1,264,403
10% above area average per sq ft
Potential ROI
-36.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

This calculation uses non-residential (land/commercial) tax rates.

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