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Ham, Axminster

South West

£395,000
Listed on 09/05/2026

Property Details

Bedrooms
2
Type
Detached
Area
2296 sqft

Description

This spacious, stone-built three-bedroom detached home offers great potential for renovation and investment. Situated in the picturesque hamlet of Ham within the East Devon National Landscape, it enjoys expansive views of the surrounding countryside. The property is located about five miles from Axminster, providing easy access to essential amenities and a mainline railway station linking to Exeter and London Waterloo. Families will appreciate its proximity to the esteemed Colyton Grammar School, located roughly nine miles away. The Old Smithy presents a unique opportunity for those looking to modernize a charming residence boasting roomy and adaptable living spaces. The ground floor features an inviting entrance hall, a generous sitting room with a stone fireplace and garden access through triple aspect windows, a snug or dining area, a study, as well as a kitchen equipped with a Rayburn, utility room, and cloakroom. Upstairs are two double bedrooms and one single bedroom accompanied by a family bathroom; notably, the master bedroom offers splendid rural vistas. Outdoors, the fully enclosed rear garden comprises lawns, paved pathways, and established greenery that enhance the property's appeal with views of the countryside beyond. Additionally, there is a detached double garage fitted with power and lighting. While mains water and electricity are connected along with oil-fired heating and private drainage via a new treatment plant, further modernization can significantly improve this property’s value. With standard and ultrafast broadband available as well as reliable mobile coverage from major networks (Ofcom 2026), this offers an excellent foundation for creating your dream home in this tranquil setting.

Investment Analysis

(EX13 area)

Below Market Value

This property is priced -45.0% below area average per sq ft

-45.0%
Potential saving
This Property
£172/sq ft
Area Average
£313/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£790,387
10% above area average per sq ft
Potential ROI
+77.6%
After renovation
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
8%
Properties sold annually

Local Market Trend (EX13)

Area prices are rising by +11.5% over the last 12 months
3 year growth: +10.4%
5 year growth: +7.8%
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

Ham, Axminster
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,409
Based on a loan of £296,250 over 30 years at 3.97% 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

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