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North Molton, South Molton, Devon EX36 - Image 1
North Molton, South Molton, Devon EX36 - Image 2
North Molton, South Molton, Devon EX36 - Image 3

North Molton, South Molton, Devon EX36

South West

£1,350,000
Listed on 13/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3167 sqft

Description

Higher Ley is a historically rich farm estate nestled in the scenic North Devon countryside, just on the edge of Exmoor National Park and conveniently near South Molton. This property presents significant renovation and investment opportunities, featuring versatile living spaces including a detached annexe and various outbuildings equipped for equestrian activities, all set within approximately 22.8 acres of land. The main farmhouse is believed to date back to the 15th century, accompanied by later additions from the 18th and 19th centuries that enhance its character with period features such as exposed beams, original flooring, and charming fireplaces. The spacious reception hall leads into a generously sized sitting room with dual aspects and a woodburning stove, complemented by a formal dining room also featuring an original fireplace. The kitchen retains its rustic charm with flagstone flooring, exposed timber beams, and traditional units. A large utility room adds practical storage with additional features like fitted units and space for appliances. Upstairs hosts five bedrooms accessible via three staircases, providing flexible accommodation options. Notably, the principal bedroom includes an en suite bathroom while another bedroom offers its own private staircase and en suite facilities. The attached annexe boasts modern styling while providing potential for rental income or multi-generational living. It includes a comfortable lounge area alongside an open-plan kitchen/dining space, along with shower facilities on the ground floor. The first floor holds a double bedroom complete with an en suite cloakroom. The expansive grounds feature paved courtyards leading to substantial outbuildings, including stabling space and a sand school ideal for equestrian use. There’s also planning permission secured for additional living accommodation within one of the barns, enhancing investment potential further. Landscaping includes walled gardens perfect for outdoor gatherings alongside paddocks suitable for livestock or horse exercise. With nearby access to North Molton's amenities and the larger offerings of South Molton just four miles away, Higher Ley stands as an attractive proposition for those seeking both tranquillity and investment potential in a desirable rural setting.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +49.9% above area average per sq ft

+49.9%
This Property
£426/sq ft
Area Average
£284/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£990,764
10% above area average per sq ft
Potential ROI
-33.9%
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

North Molton, South Molton, Devon 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
£4,945
Based on a loan of £1,012,500 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