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Bolealler Cottage, Cullompton EX15

South West

£275,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
1514 sqft

Description

This semi-detached cottage, located on the edge of Cullompton in a serene semi-rural setting, presents an excellent opportunity for renovation and investment. While it is currently in need of comprehensive modernisation and is sold as seen, the property features two bedrooms, three reception areas, and a bathroom equipped with both a wood burner and a Rayburn. The layout includes a welcoming entrance hall leading to the lounge and kitchen, along with convenient access to a conservatory that connects to additional reception spaces. The cottage offers potential for enhanced living space through its attic room, which benefits from natural light from two Velux skylights. Outside, the property boasts a front garden with both lawn and patio areas, alongside useful outbuildings and an additional plot of land that could be transformed according to personal preferences or functional needs. Given its current condition and the absence of onward chain complications, this property is ideal for those looking to invest in a renovation project with great potential.

Investment Analysis

(EX15 area)

Below Market Value

This property is priced -39.8% below area average per sq ft

-39.8%
Potential saving
This Property
£182/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£502,618
10% above area average per sq ft
Potential ROI
+54.7%
After renovation
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
9%
Properties sold annually

Local Market Trend (EX15)

Area prices are falling by -9.4% over the last 12 months
3 year growth: -11.2%
5 year growth: -0.5%
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

Bolealler Cottage, Cullompton EX15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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