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South Molton EX36

South West

£850,000
Listed on 24/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2596 sqft

Description

Stitchpool Farm presents a rare opportunity to renovate and invest in a substantial property situated on 138.7 acres of land. This estate includes a Grade II listed farmhouse that is positioned conveniently on the southern edge of the property, providing plenty of potential for those looking to modernize or enhance its current layout to suit personal needs or hospitality ventures. The farmhouse features two distinct living areas, making it well-suited for renovation projects aimed at creating a more open-plan space or adding modern amenities. The east side offers a kitchen with fitted units and a spacious sitting room centered around a large feature fireplace, while the west side currently requires refurbishment but holds promise for conversion into additional living space. With three double bedrooms and ample potential for improvement, this house can be transformed into an inviting family home or rental property. In addition to the main farmhouse, the site includes Stable Cottage, which has been beautifully renovated into a three-bedroom holiday rental. Its thoughtful design accommodates disabled visitors and features an open-plan living area along with en-suite facilities that add to its appeal as tourist accommodation. A covered outdoor terrace enhances this cottage's functionality by providing an enjoyable space for relaxation and entertainment. Surrounding the main buildings are numerous traditional stone farm structures, currently used as stables and storage spaces. These versatile outbuildings hold potential for various uses, including conversion into additional residential units or leisure facilities, subject to planning consent. The expansive grounds include four enclosures of pasture land ideal for agricultural use or as equestrian facilities. There are also opportunities to establish further dwellings with appropriate permissions in place; recent planning approval allows conversions of certain barns into residential units, reflecting the growing demand for rural housing options. Conveniently located with easy access to the A361 North Devon link road, Stitchpool Farm is close to Barnstaple and South Molton, both offering essential amenities and recreational activities along the beautiful North Devon coastline. This accessibility enhances its investment potential by attracting future occupants seeking both lifestyle changes and proximity to local services. Overall, Stitchpool Farm stands as a canvas ripe for enhancement, whether through residential development, holiday accommodation ventures, or agricultural pursuits—catering to various interests in one of North Devon's most scenic settings.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +15.9% above area average per sq ft

+15.9%
This Property
£327/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£85,000 - £212,500
10-25% of property value
Target Value
£806,850
10% above area average per sq ft
Potential ROI
-24.1%
After renovation
Monthly Sales
11
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX36)

Area prices are falling by +7.5% over the last 12 months
3 year growth: -11.2%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on EX36 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

South Molton EX36
Map showing location of South Molton EX36
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