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Castle Hill, Axminster

South West

£50,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
House

Description

This substantial former mill offers a remarkable opportunity for renovation and investment. Spanning approximately 10,000 sq ft across three to four levels, the property is set on a generous 0.32-acre plot near the heart of Axminster. The building features a mix of office space, large storage areas, and potential living accommodation that can be transformed into modern residential units or commercial spaces. Though parts of the structure show signs of wear and require significant attention, including some areas with restricted head height, the overall layout provides a blank canvas for creative redevelopment. Coupled with its proximity to scenic countryside and riverside walks, this property could become a unique destination or residence with the right vision. Utility services such as mains electricity, water, and drainage are connected, with ultrafast broadband available—an appealing aspect for future occupants. Please note that there is an elevated risk of flooding in this area which should be factored into any redevelopment plans.

Investment Analysis

(EX13 area)
Area Average
£320/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
118%
Properties sold annually

Local Market Trend (EX13)

Area prices are rising by +2.9% over the last 12 months
3 year growth: +9.1%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on EX13 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

Castle Hill, Axminster
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£180
Based on a loan of £37,500 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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