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Membury, Axminster, Devon

South West

£595,000

Listed on 05/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1713 sqft

Features

  • Garden
  • Parking

Description

Nestled in a tranquil rural setting, this Grade II listed thatched cottage, known as Nightlands, offers a unique opportunity for those seeking charm and character. Set within approximately 1.17 acres of gardens and grounds, the property boasts stunning views over the East Devon countryside and is available with no onward chain. Dating back to the 17th Century, this individual residence features colour washed stone elevations and was extended in the 1980s. Recent improvements include the replacement of two-thirds of the thatched roof in 2025, ensuring the property is well-maintained. The accommodation is spread across three levels, with many principal rooms enjoying a southerly aspect, perfect for soaking in the picturesque surroundings. Internally, the cottage comprises a spacious reception room with exposed beams and an inglenook fireplace, a sizeable kitchen/dining area equipped with an oil-fired Rayburn, and three double bedrooms. A study and utility room with WC add to the practicality of the space. Externally, access is via a private right of way leading to a parking area and a dilapidated garage. The expansive lawn is bordered by established shrubs and tree-lined banks, creating a serene environment. A large paved terrace provides an ideal spot for outdoor enjoyment while taking in the stunning views. Located in the peaceful hamlet of Hill Common, Nightlands is just a short distance from local amenities in Axminster and is well-placed for exploring the beautiful Jurassic coastline. This property presents an exciting opportunity for modernisation and improvement, allowing new owners to put their personal stamp on a historic home.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

46out of 100
Grade ELow opportunity

Confidence: MEDIUM

Nightlands offers a distinctive project: a Grade II listed thatched cottage with exposed beams, an inglenook fireplace and around 1.17 acres of grounds with countryside views. The interior looks usable but dated, giving scope for cosmetic improvements, while the garden edges and paths could be brought back into shape. The listing says about two thirds of the thatch and both ridges were replaced in 2025; it also describes the garage as dilapidated.

The main constraint is the price: £595,000 is about 12% above the local average per square foot, and the numbers score weakly for economics. Purchase plus the estimated refurbishment midpoint comes to roughly £606,500, which looks tight against the local benchmark; that comparison is not a renovated resale value. The character, setting and land are appealing, but the asking price leaves limited room for value creation.

Key opportunities

  • Refresh the usable but dated interior, including the timber kitchen cabinetry and older finishes, while retaining the cottage’s period character.
  • Improve the overgrown garden edges and paths around the lawn and paved terrace.
  • Make the most of the exposed beams, inglenook fireplace and countryside-facing setting across approximately 1.17 acres.

Key risks

  • The listing describes the garage as dilapidated, so its condition and any work needed should be checked.
  • The thatched roof is a specialist maintenance consideration, despite the stated replacement of about two thirds of the thatch and both ridges in 2025.

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Map

Location

Membury, Axminster, Devon
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,248
Based on a loan of £446,250 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.

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