The freehold of a holiday cottages estate in North Devon has been put up for sale with a guide price of £2m.
The Hewish Mill Holiday Cottages site in Muddiford comprises a three-bedroom farmhouse and five income generating holiday cottages, set within 4.6 acres of landscaped grounds.
The holiday cottages reopened at full capacity in April 2024 following significant investment and there is scope to enhance the estate through the conversion of existing barns, subject to planning. The old stables could be repurposed and 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.
Originally a water mill dating back to 1751, the property retains many period features and has been extensively renovated.
Miranda Ashcroft, from the hotel capital markets team at Savills, which has been appointed to market the opportunity on behalf of the private owners, said: “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.”
