Cullompton

Area Guide For Cullompton

Cullompton is a town and civil parish in the district of Mid Devon and the county of Devon, England, locally known as Cully. It is 13 miles (21 km) miles north-north-east of Exeter and lies on the River Culm. In 2010 it had a population of 8,639 and is growing rapidly. The earliest evidence of occupation is from the Roman period - there was a fort on the hill above the town and occupation in the current town centre. Columtune was mentioned in Alfred the Great's will. In the past the town's economy had a large component of wool and cloth manufacture, then later leather working and paper manufacture. A large proportion of town's inhabitants are commuters but there is still some local manufacturing, including flour and paper mills. It has a monthly farmers' market held on the second Saturday of every month which is the oldest event of its kind in the South West. It is home to two grade I listed buildings: the fifteenth century St Andrew's parish church and the seventeenth century house known as The Walronds. The centre of the town is the only conservation area in Mid Devon and there are seven grade II* listed buildings and ninety grade II listed buildings in the parish. The derivation

 
 

Cullompton Map

Estimated Price: £251,955
Average Asking Price: £324,348
Price change in last one year: £1,433
Average Price Paid: £209,194
Average Rent Rates: £652

 
 

Property Prices Breakdown in Cullompton

Average Price for property in Cullompton is around £251,955 which varies based on type of property you are interested in and ranges from £335,386 for detached house to around £207,648 for semi-detached. Similarly terraced house is around £164,632 and a flat is worth £121,653. Values have been changing and have risen £130 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,794 in last 6 months, £1,433 in last 1 year, £12,131 in last 2 years, £22,570 in last 3 years, £26,364 in last 4 years and £12,979 in last 5 years.

Currently average asking price of a property in Cullompton is around £324,348 based on approximately 318 properties for sale. Same is the case with rental options based on 32 properties up for rent, average asking rent is around £652 per month.

Estimated property value in Cullompton is £251,955. Average asking price is £324,348 while average price paid is £221,298 which is up by £1,433 and Avg. asking rent £652.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Cullompton area. In last 1 year alone average price buyer paid is around £221,298 based on approximately 318 sales in Cullompton area alone. If you compare it to last 3 years sales of 1,074 properties where buyers paid around £209,883. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £209,194 for 1,648 and average amount paid for purchase of approx. 2,206 properties sold in last 7 years comes to about £209,026 per sale.

 
 

Properties For Sale in Cullompton

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £91,875, £163,858 for a 2 bedroom house, £242,607 for a 3 bedroom house, £446,091 for a 4 bedroom house and £533,325 for a 5 bedroom house. For a flat similarly the prices varies from £52,950 for a single bedroom to £131,643 for a 2 bedroom Flat. To sum up the asking prices for properties in Cullompton it comes to around average £84,090 for 1 bedroom property, £153,946 for 2 bedroom, £242,607 for 3 bedroom, £446,091 for 4 bedroom and £533,325 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £535 for 1 bedroom to £604 for 2 bedroom, £822 for 3 bedroom and £899 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £423. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £523 and £631 for 3 bedroom. You should be generally be expecting around average £479 rent per month for single bedroom property, £587 for 2 bedroom, £790 for 3 bedroom and approximately £899 for 4 bedroom property in Cullompton area.

Popular Houses in Cullompton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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