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New Street, Cullompton, Devon, EX15

South West

£375,000
Listed on 13/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1219 sqft

Description

This four-bedroom detached property presents a rare opportunity in the heart of Cullompton, having been held by the same family for nearly 70 years. Originally two cottages, the layout offers expansive living spaces and significant renovation potential, making it an ideal investment for those looking to enhance and modernize a classic home. The entrance leads into a practical Boot Room, providing space for coats and boots alongside a small range of fitted sage green units. Continuing through, the spacious Kitchen/Dining Room basks in natural light thanks to its triple aspect. The kitchen area features sage green cabinetry with ample workspace, as well as space for essential appliances. Adjacent to the kitchen is the dining area where a central fireplace adds character, complemented by direct access to the rear garden—perfect for entertaining. The Sitting Room is another inviting space with dual aspects and built-in corner storage that highlights the property’s charm. Ascending to the first floor, you'll find sizable bedrooms that offer flexibility—two of which are particularly generous doubles. The family bathroom includes modern fittings along with an Airing Cupboard housing the boiler. Additionally, a smaller bedroom provides versatility in use—ideal for children or as a home office. Externally, this property stands out with its private driveway capable of accommodating multiple vehicles and two large outbuildings equipped with power and lighting; one includes a WC and wash basin. The fully enclosed rear garden boasts tiered lawns with pathways leading through productive areas featuring a greenhouse and established shrubs. A substantial paved area adjacent to the house serves as an excellent spot for outdoor dining while offering further undeveloped land on one side that holds potential for expansion or additional landscaping. Conveniently located near Cullompton's amenities, including shops and healthcare services, this property also benefits from easy access to Junction 28 of the M5 motorway and Tiverton Parkway railway station (J27). With Exeter to the south and Taunton to the north, residents enjoy proximity to regional centers while retaining a peaceful residential setting. This property not only offers comfortable living but also presents numerous avenues for improvement or extension (subject to planning permission), making it an attractive prospect for those interested in developing their investment portfolio within this thriving community.

Investment Analysis

(EX15 area)

Above Market Value

This property is priced +0.8% above area average per sq ft

+0.8%
This Property
£308/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£409,243
10% above area average per sq ft
Potential ROI
-5.9%
After renovation
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

New Street, 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
£1,374
Based on a loan of £281,250 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