4-bedroom house · EX13 5NJ
Listing removedReduced £25k (−5.3%) on 24 MarListed 371 days
Opportunity summary
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About
Tower House offers a flexible and well-proportioned layout across four floors, combining historic charm with practical living.
Entering from Market Square, a solid wooden front door with an ornate fanlight opens directly into the kitchen-a bright and welcoming space fitted with granite worktops, a range of kitchen units, and a selection of charming free-standing dressers and units, all of which are included in the sale.
Exposed wooden floorboards lead seamlessly into the main reception room, where a wood-burning stove and period fireplace create a cosy and elegant atmosphere-perfect for entertaining or relaxing.
To the rear, an inner hallway-part of the elegant spiral staircase extension-features stone steps descending to the remodelled basement, and double doors opening onto the garden.
The basement offers tiled flooring throughout, a cloakroom, utility/store room, and overflow space for white goods. Historically, this area likely housed the property’s original kitchen.
From the basement, the property’s unique brick-built tunnel extends outward, leading to a covered well, a wine store, and sealed entrances to what were once connecting tunnels beneath Market Square.
Modern lighting makes this space atmospheric and functional-echoing the property’s layered history.
The tunnel likely once led to the original stables and served as a discrete access point for deliveries.
Upstairs, the first floor comprises two generous double bedrooms and a beautifully finished family bathroom with a freestanding roll-top bath.
The second floor features two further well-proportioned bedrooms and a contemporary shower room, making this home ideal for families, guests, or even multi-generational living.
An elegant and historic Grade II Listed Georgian residence offering beautifully proportioned and versatile accommodation over four floors, with far-reaching countryside views and a landscaped westerly garden.
Tower House seamlessly blends classic Georgian features with thoughtful modern updates.
Key Features: Grade II Listed Georgian double-fronted home Arranged over four spacious floors Four double bedrooms, two bathrooms Elegant reception room with wood-burning stove Stylish kitchen with granite worktops and included dressers Historic spiral staircase, believed to date to 1911 Intriguing brick tunnel with links to local folklore Beautiful landscaped garden with sunset views Convenient town centre location near Axminster Minster Ultrafast broadband available Freehold | Council Tax Band E | EPC Exempt (Listed Building) History & Character: Believed to have been built c.1800 as part of Gloucester House for Dr.
Symes, a local surgeon, Tower House has been steeped in history ever since.
Its unique spiral staircase and a fascinating subterranean tunnel, possibly part of a network beneath the town, add an air of mystery and period intrigue.
Original features such as tripartite sash windows, high ceilings, and exposed floorboards remain.
Accommodation: The property offers versatile living with a kitchen and reception space on the ground floor and four double bedrooms across the first and second floors.
The remodelled basement includes a cloakroom, utility/storage area, and access to the tunnel leading to Castle Street.
The kitchen, accessed via a Georgian front door with ornate fanlight, opens directly into the living area with fireplace and wood-burning stove.
A graceful stone staircase links all floors, leading to the bedrooms and bathrooms above.
Outside: The recently landscaped westerly garden is ideal for entertaining or relaxing, with sunset views over the Axe Valley.
A mellow stone wall adds charm, with a garden store, seating area, and rear gated access via steps and tunnel.
Location: Set in the heart of Axminster, this home is within walking distance of shops, the Minster, cafés, and the weekly farmers’ market.
The mainline train station provides direct services to London Waterloo and Exeter. Coastal towns including Lyme Regis and Seaton are just 6 miles away.
Further Information: Mains gas, electric, water & drainage On-street parking and local car parks (resident permits available) Property includes a flying freehold (part of the basement lies under Gloucester House) Planning permission granted for conversion of nearby storage building to garage and annexe (Ref: 22/1034/ful – East Devon Council) What3Words: ///verdict.baker.spells Local Authority: East Devon District Council – Tenure: Freehold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About Tower House, Market Square, Axminster, Devon, Axminster
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