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See how verdicts work2-bedroom house · EX16 8RG
For saleListed 47 days
Opportunity summary
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About
A unique lifestyle business opportunity within a former 18th century water mill, providing excellent potential for a thriving business within this popular and scenic Exe Valley village.
Gardens and Grounds Extending to 4.17 acres. Exeter 10 Miles. Tiverton 3 Miles. Business Rated. Commercial EPC Band D. Freehold.
Situation The property is situated within the idyllic location, within the Exe Valley, just off the A396 between Exeter and Tiverton.
The quintessential English village of Bickleigh has picturesque thatch cottages, a church, railway museum and a 14th century bridge spanning the River Exe.
Conveniently positioned between Tiverton, 3 miles, and Exeter, 10 miles, the property is also just 10 miles from Junction 27 of the M5 and Tiverton Parkway station, which provides fast trains to London Paddington in under two hours.
Overall, the location provides excellent natural footfall, as well as strategic convenience to major local centers.
Description A former 18th century water mill providing a successful tourism, hospitality and retail destination since 1973, now closed due to retirement (February 2026).
Stags are now seeking new ownership for the freehold.
The property and grounds provide an excellent lifestyle opportunity to take the business in several potential directions based on its overall size, large parking area, extensive grounds and it’s prime location within the Exe Valley, already a popular tourist and hospitality destination.
Any new usage would be subject to necessary consents, however, there is currently an extensive ground floor Café/ bistro with up to 80 covers, complete with commercial kitchen facilities.
Potential exists to make this a significant breakfast, lunch and dinner destination, with the former retail area on the first and second floor extending the potential event space.
Further uses, subject to permissions, could be boutique hotel or Airbnb rooms, holiday lets, wedding and events, family attraction and activity center, to name a few.
The property could also suit a number and variety of uses at the same time, complementing the customer experience and adding revenue streams.
Accommodation An owners/managers apartment was created in 2021/22.
This provides a contemporary, light and spacious feel with a large, open plan, kitchen/ dining/ living room, two bedrooms and a family bathroom.
The apartment can be accessed both internally or externally as desired. Outside To the front and side of the property is a large trade garden and terrace.
To the side and down a separate access is a private parking/ storage area and garage. Adjacent is a large car parking area with further overflow area beyond.
The remainder of the grounds extends to several acres, including paddocks, ponds, walkways, woodland and river frontage.
These areas provide significant potential for leisure tourism or activity businesses, including cabins or glamping, subject to necessary consent. In all the property extends to 4.17 acres.
Inventory To include business furnishings and equipment, as per an inventory to be supplied. Business Rates Rateable value to £27,500. Please note, this is not rates payable.
Interested parties are advised to make their own inquiries with the local billing authority. Services Mains electricity and water. Private drainage via Reed Bed System.
Lpg central heating for flat & rear restaurant. Electric night storage heater and radiators through remaining. Ofcom predicted broadband services - Standard & Superfast.
Ofcom predicted mobile coverage for voice and data: Internal (variable) – EE and Three. External – EE, Three, O2 and Vodafone (variable). Local Authority: Mid Devon District Council.
The property is within the Bickleigh Conservation Area. Viewings Strictly through the agents, Stags Tiverton.
Directions From Tiverton, travelling south, take the A396 towards Exeter on reaching Bickleigh, proceed over the bridge and bear first left, which leads down to the property.
What3Words: ///benched.tomato.noticing Google Drop Pin:
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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FAQ
About Bickleigh Mill, Tiverton
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