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Castle Hill, Axminster

South West

£50,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
House

Description

This former mill presents a substantial investment opportunity, spanning approximately 10,000 sq ft (929 sq m) over four levels and set on a generous 0.32 acres. Located on the outskirts of Axminster, just a short walk from the town center, the property features a variety of spaces including multiple mill rooms, office areas, and storage facilities. The ground floor includes an entrance hallway leading into a principal mill room with five additional smaller rooms. The first floor offers both living accommodation and storage space alongside another principal mill area. The second floor continues the trend with large storerooms, while the top floor features another mill room with some areas of restricted head height. There are also garages and workshops at the rear as well as some dilapidated buildings that provide further scope for redevelopment or refurbishment.The site is equipped with mains electricity, water, drainage, and access to ultrafast broadband, catering to modern connectivity needs despite its historical roots. Given its size and current condition—alongside the fact that it may be subject to flooding—this property holds significant potential for transformation into residential units or commercial use upon proper renovation.

Investment Analysis

(EX13 area)
Area Average
£316/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
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
10%
Properties sold annually

Local Market Trend (EX13)

Area prices are rising by +9.8% over the last 12 months
3 year growth: +11.2%
5 year growth: +6.2%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,500 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.

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