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Membury, Axminster, Devon

South West

£1,100,000

Listed on 17/06/2026

Property Details

Bedrooms
5
Type
Detached
Area
2395 sqft

Description

North Mill Farm presents a unique opportunity to own a historic farmhouse with substantial potential for further enhancement and development. This traditional residence, adorned with a charming thatched roof, exposed stone facades, and original timber beams, dates back to the early 17th century, offering a rich heritage alongside modern comforts. The property has undergone significant renovations, blending contemporary amenities with its classic character, yet there remains room for personalized updates or expansions. The ground floor features a spacious entrance hall that leads to an expansive dining area highlighted by an impressive inglenook fireplace. A generous sitting room complements this space, also with a prominent inglenook fireplace and direct access to the rear terrace through double doors. The kitchen is both aesthetically pleasing and functional, merging modern conveniences with historical charm through its natural stone flooring and bespoke cabinetry; it flows into a light-filled breakfast area thanks to skylights. Practicality is further enhanced by an adjoining utility room and a cloakroom. On the first floor, there are five well-sized bedrooms—including one en suite—and a family bathroom equipped with both a roll-top bath and separate shower unit. An exceptional aspect of this property is the former mill building spanning 2,580 sq ft. Currently divided into seven rooms plus a mezzanine level, this structure holds significant conversion potential (subject to planning permissions), making it ideal for an annexe, guest accommodation, or workspace—perfect for multi-generational living or various lifestyle pursuits. Additionally, there are other outbuildings including a former shippon and garage facilities for three vehicles. Set within approximately 10.5 acres of picturesque grounds surrounded by idyllic countryside views, North Mill Farm offers ample outdoor space for recreation or future landscaping projects. The courtyard provides extensive parking options while the front garden is tastefully enclosed by stone walls and mature plants. A substantial flagstone terrace leads into an orchard that could be further developed into an enchanting outdoor entertaining space. The estate also features newly planted trees in the adjoining meadows along with established native flora. Other notable amenities include a natural pond and fishing rights on the River Yarty. Located near Membury in East Devon's Area of Outstanding Natural Beauty, North Mill Farm combines tranquillity with accessibility to local services in Axminster—including shops and mainline railway connections—while being close to coastal attractions like Lyme Regis. The surrounding areas offer reputable schools as well as easy transport links via the A35 towards major routes like the M5 motorway. With mains electricity and private water supply complemented by compliant private drainage systems, this property stands ready for your vision—be it preservation of its historical essence or innovative transformation into your dream home.

Investment Analysis

(EX13 area)

Above Market Value

This property is priced +47.3% above area average per sq ft

+47.3%
This Property
£459/sq ft
Area Average
£312/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£821,305
10% above area average per sq ft
Potential ROI
-32.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX13)

Area prices are rising by +8.0% over the last 12 months
3 year growth: +3.1%
5 year growth: +4.3%
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

Membury, Axminster, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£4,156
Based on a loan of £825,000 over 30 years at 4.45% 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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