Savills News

Savills launches sale of Hewish Mill in North Devon for £2 million

International real estate advisor Savills has launched the sale of Hewish Mill Holiday Cottages in Muddiford, North Devon, on behalf of private sellers, for a guide price of £2 million.

The freehold estate comprises a three-bedroom farmhouse and five high quality, income generating holiday cottages, set within 4.6 acres of landscaped grounds. Originally a water mill dating back to 1751, the property retains many period features and has been extensively renovated.

The holiday cottages, each with private gardens, reopened at full capacity in April 2024 following significant investment. The business has traded for just one year, offering strong potential for growth and further development.  There is scope to enhance the estate through conversion of existing barns, subject to planning. The Old Stables could be repurposed, while the Old Dairy has lapsed consent for a two-bedroom cottage.

Additional features include a stable block with tack room, paddocks (currently used as a secure dog walking area), woodland with stream, and a large agricultural barn. The property also benefits from an EV charging station.

Miranda Ashcroft, Savills Hotel Capital Markets, says: “This is an exceptional lifestyle and investment opportunity. Hewish Mill is beautifully presented, in a peaceful location just three miles from Exmoor National Park and within 25 minutes of some of England’s finest beaches. Signs of recovery have emerged in the domestic tourism market in the first half of 2025, as trips rose by 16.3% compared to the same period in 2024, suggesting the domestic tourism market may be turning a corner. Additionally, this seems to be translating into increased spend, which is +5.6% up across the market compared to 2022 in real terms. We expect strong interest in this unique offering.”

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