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South Molton EX36

South West

£850,000
Listed on 10/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2596 sqft

Description

Stitchpool Farm presents a rare opportunity for revitalization and investment, set within a substantial 138.7 acres of diverse land. The farmhouse, positioned conveniently on the southern part of the estate, features elements that may appeal to those looking to modernize and enhance a Grade II listed property. It contains two distinct living areas ripe for refurbishment: one side includes a traditional kitchen and sitting room with characterful features like a woodburning fireplace, while the other side requires significant updating but holds potential for expanding living or guest spaces. Additionally, the Stable Cottage offers fully accessible holiday accommodation that has been tastefully converted to include three bedrooms and modern amenities. This cottage could serve as an income-generating asset with some minor improvements. Surrounding farm buildings, which include stables and storage facilities, add further value and options for conversion into desired uses such as residential units (subject to planning). The vast land comprises productive pastures and potential development sites, presenting numerous avenues for agricultural activities or leisure ventures. This multifaceted property is located near North Devon's recreational offerings and transport links, enhancing its attractiveness for various redevelopment projects.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +15.1% above area average per sq ft

+15.1%
This Property
£327/sq ft
Area Average
£284/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£812,133
10% above area average per sq ft
Potential ROI
-14.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +4.0% over the last 12 months
3 year growth: -8.1%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on EX36 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

South Molton EX36
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE