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SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 1
SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 2
SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 3
SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 4
SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 5
SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 6
SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15 - Image 7

SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15

South West

£550,000
Listed on 05/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development plot presents a notable opportunity for renovation and investment in the heart of Mid Devon, situated near Cullompton. Spanning approximately 1.94 acres of south-facing grounds, this site is poised for the construction of a high-end family residence, with existing planning permission granted in July 2024. The current approval allows for the demolition of an existing agricultural building and the construction of a two-storey dwelling, designed to encompass around 350 square meters (approximately 3,768 square feet). The proposed structure features a blend of natural slate roofing, stone and composite timber cladding, as well as modern aluminium windows and doors. Additionally, plans include a spacious detached triple garage equipped with a plant room and provision for solar panels on its roof. For buyers interested in further enhancing their investment, the current owners have developed additional architectural plans aimed at expanding the home's footprint. These modifications would introduce two extensions to create up to six bedrooms alongside more extensive living areas—a concept worth exploring for those looking to maximize potential rental income or resale value. The plot benefits from its rural yet accessible location, positioned conveniently between Cullompton and Willand. It lies just minutes from Junction 28 of the M5 motorway, providing straightforward access to Exeter and Taunton. Cullompton offers diverse local amenities including supermarkets like Tesco and Aldi, health services, leisure facilities, as well as educational institutions catering to various age groups. Moreover, Tiverton Parkway railway station is approximately five miles away, linking residents directly to London. Notably, pre-commencement planning conditions associated with the approved design have already been discharged—an added advantage when progressing toward development. Utility provisions are also in place; plans include a new package treatment plant for foul water drainage along with arrangements for mains water connection that will be installed before completion. This property represents not only a chance to create a bespoke residence but also an investment that could yield significant returns in an attractive area poised for growth. Viewing is available by appointment only; please reach out to arrange your visit.

Investment Analysis

(EX15 area)
Area Average
£305/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX15)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -1.7%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on EX15 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

SUPERB BUILDING PLOT IN c. 2 ACRES, Nr. Cullompton, Devon, EX15
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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
£2,015
Based on a loan of £412,500 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