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East Down, Barnstaple

South West

£1,500,000
Listed on 04/03/2026

Property Details

Bedrooms
11
Type
Detached house
Area
3562 sqft

Description

This unique property, once a traditional farmstead and now a multifunctional wellness retreat, offers the possibility for diverse redevelopment opportunities. Set within an expansive 6.3-acre plot in serene North Devon, this historic mill house features significant original architectural elements alongside modern conveniences, making it appealing for both residential and commercial aspirations. The main farmhouse dates back to 1244 and boasts stunning features such as exposed beams and an Inglenook fireplace, while additional outbuildings – including several barns and ancillary spaces – are ripe for conversion into guest accommodations or business facilities, pending necessary planning permissions. With current operations successfully combining holistic wellness with residential living, there remains substantial potential to expand its utility, whether as a health spa, holiday venue, or creative arts complex. The enchanting grounds support various outdoor activities and provide secluded spots for relaxation or events. This property not only retains historical charm but also presents an exciting canvas for future enhancement.

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
£150,000 - £300,000
Target Value
£1,254,804
10% above area average per sq ft
Potential ROI
-30.3%
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

£
£
£
%
%
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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