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Muddiford, Barnstaple

South West

£1,695,000

Listed on 12/07/2026

Property details

Bedrooms
16
Type
Detached
Area
5317 sqft

Description

Nestled in a serene North Devon countryside, this charming courtyard of converted mill buildings offers a unique opportunity for investment and renovation. The property features a principal residence alongside four holiday rentals that can accommodate various group sizes, providing significant income potential. Hewish Mill, dating back to 1751, showcases original period details and character, but also presents room for updates and enhancements to maximize its appeal. With spacious interiors including three en-suite bedrooms, an impressive dining area featuring the original water wheel, and outbuildings ripe for transformation, the possibilities are extensive. Additionally, the available land spans approximately 4.6 acres with stables and paddocks, ideal for equestrian enthusiasts or further development projects. The presence of three attractive stone barns within the courtyard hints at conversion potential (subject to necessary consents) which could further increase the property's value. This is not just a residence but a chance to create something truly remarkable in an enviable location near the beautiful North Devon coastline.

Investment analysis

(EX31 area)

Below Market Value

This property is priced -0.3% below area average per sq ft

-0.3%
Potential saving
This Property
£319/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£231
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£1,869,829
10% above area average per sq ft
Potential ROI
-6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by -2.3% over the last 12 months
3 year growth: -6.6%
5 year growth: +2.3%
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

Muddiford, Barnstaple
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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
£6,404
Based on a loan of £1,271,250 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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