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Salway Close, Cullompton, Devon EX15

South West

£240,000
Listed on 13/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
715 sqft

Description

This three-bedroom residence presents an excellent opportunity for those looking to invest in a property with significant renovation potential. The layout is practical, offering a spacious living room that is bathed in natural light through a large front window, providing a comfortable gathering space. Adjacent to this is the kitchen/diner, which boasts ample storage and worktop space, as well as direct access to the rear garden—ideal for family gatherings and entertaining. Upstairs, the accommodation comprises three bedrooms, including a generously sized master bedroom and two additional rooms suitable for children, guests, or even a home office. The family bathroom features a functional three-piece suite and benefits from natural light via its window. Externally, both front and back gardens offer outdoor space with great landscaping possibilities, including areas of patio and lawn that could be transformed into appealing recreational spaces. The property’s current EPC rating of F highlights an immediate opportunity for energy efficiency upgrades—essential for increasing value and meeting rental standards. Located in the established residential community of Cullompton, this home offers proximity to local schools, essential amenities, and beautiful countryside walks while being well-connected by transport links—including easy access to the M5 motorway and Tiverton Parkway railway station. This property is perfect for first-time buyers or investors eager to undertake improvements that can elevate both comfort and market appeal.

Investment Analysis

(EX15 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£336/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£229
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£238,074
10% above area average per sq ft
Potential ROI
-15.0%
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
9%
Properties sold annually

Local Market Trend (EX15)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -9.7%
5 year growth: -0.6%
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

Salway Close, Cullompton, Devon EX15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£856
Based on a loan of £180,000 over 30 years at 3.97% 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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