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Cullompton, Devon EX15

South West

£2,000,000
Listed on 30/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a significant development opportunity with outline planning permission granted for the construction of up to 30 new homes on approximately 2.94 hectares of land in Plymtree, East Devon. The approved plans encompass a variety of 2, 3, 4, and 5-bedroom dwellings while also allocating space for community amenities such as a village green, car park for the local school, and landscaped areas. Developers will need to finalize their housing designs and mix in a reserved matters application, ensuring a tailored approach to fulfill both community needs and market demands. The site benefits from its proximity to essential amenities within the village, including schools and shops, alongside excellent transport links to larger towns via the M5 and nearby train stations. Given the escalating demand for quality housing in this region, this project offers an exceptional chance for investors or housebuilders looking to capitalize on a sought-after location while contributing positively to local infrastructure.

Investment Analysis

(EX15 area)
Area Average
£306/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (EX15)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -4.7%
5 year growth: +7.1%
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

Cullompton, Devon EX15
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£7,213
Based on a loan of £1,500,000 over 30 years at 4.06% 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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