# 2 bedroom semi-detached house for sale (EX15 1ZE)

## Property Details

| Key | Value |
|-----|-------|
| Address | 23 ELIZABETH ROAD, CULLOMPTON, DEVON EX15 1ZE |
| Price | £250,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | B |
| Floor area | 70 m² |
| Last sold | £239,995 Jan 2023 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** A
- **Expiry date:** 04/12/2033
- **Current heating cost:** £355/year
- **Est. upgrade cost to C:** £9,500

### Recommendations
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9350-3355-4020-2207-2455)

## Description

AGENT ID: 0200 | Situated on the edge of Cullompton, this beautifully presented two-bedroom ‘Ashenford’ home, built by Taylor Wimpey in 2023, offers a ready-to-move-into, key-turn property ideal for first-time buyers or couples.

The ground floor accommodation comprises an entrance hall with a handy storage cupboard and a spacious cloakroom. To the rear, the light and airy open-plan kitchen/living/dining area is fitted with modern units, work surfaces, and integrated Zanussi appliances, including a fridge/freezer, dishwasher, and oven. French doors open onto the low-maintenance, south-facing rear garden, providing a perfect space for relaxing or entertaining.

On the first floor, the principal bedroom spans the full width of the property, providing a generous double with built-in wardrobes, while the second double bedroom with storage and a contemporary family bathroom with shower over the bath complete the accommodation.

Outside, the property benefits from a private rear garden with artificial lawn and a large patio, offering an ideal space for outdoor seating.

Georgina Loves: - "This home offers low-maintenance, modern living in a convenient location, with everything you need nearby and easy access to the M5 and local amenities."

Property Information - TENURE: Freehold | CONSTRUCTION: Standard Construction | COUNCIL TAX: Band B - Mid Devon District Council – £2,007.97 (Council Tax charge for 2025/2026) Single occupants receive a 25% discount | UTILITIES: Gas, Electric, Water and Drainage - all mains connected | PARKING - Two off-street parking spaces | ESTATE MANAGEMENT FEE: The Vendor has advised that the estate management fee is £312.35/per annum | SCHOOL CATCHMENT - Primary - Willowbank Primary School. Secondary - Cullompton Community College (Devon County Council) | What3Words ///looked.poppy.spectacle.

Elizabeth Road is conveniently located for Cullompton’s local amenities, schools and transport links, with easy access to Junction 28 of the M5 motorway and regular bus services connecting to Exeter and the surrounding areas. Cullompton offers swift access to Exeter via Junction 28 of the M5 motorway or the B3181 main road, as well as rail links at nearby Tiverton Parkway and Honiton stations. The Falcon coach service also provides economical travel between Plymouth and Bristol, with stops including Bristol Airport.

Cullompton is a charming market town in Mid Devon, known for its history, surrounding countryside and strong sense of community. Situated near the M5 motorway, it offers convenient access to Exeter, Taunton and beyond, making it an ideal location for commuters. The town features a Tesco supermarket, Aldi and Home Bargains, alongside many independent eateries, shops and hairdressers.

Local amenities include two primary schools, a secondary school, library, sports centre and doctors’ surgeries. Surrounded by beautiful countryside, it is perfect for outdoor enthusiasts, with the Blackdown Hills and Exe Valley nearby. Cullompton combines rural life with modern conveniences, making it a desirable place to live.

## Property Photos

- ![23 Elizabeth Road, Cullompton](/listings/photos/173708345/291386) - 23 Elizabeth Road, Cullompton
- ![Open Plan Kitchen/Dining/Sitting Room](/listings/photos/173708345/291392) - Open Plan Kitchen/Dining/Sitting Room
- ![Enclosed Rear Garden](/listings/photos/173708345/291394) - Enclosed Rear Garden
- ![Open Plan Kitchen/Dining/Sitting Room](/listings/photos/173708345/291396) - Open Plan Kitchen/Dining/Sitting Room
- ![Open Plan Kitchen/Dining/Sitting Room](/listings/photos/173708345/291397) - Open Plan Kitchen/Dining/Sitting Room
- ![Open Plan Kitchen/Dining/Sitting Room](/listings/photos/173708345/291400) - Open Plan Kitchen/Dining/Sitting Room
- ![Open Plan Kitchen/Dining/Sitting Room](/listings/photos/173708345/291403) - Open Plan Kitchen/Dining/Sitting Room
- ![Open Plan Kitchen/Dining/Sitting Room](/listings/photos/173708345/291404) - Open Plan Kitchen/Dining/Sitting Room
- ![Enclosed Rear Garden](/listings/photos/173708345/291405) - Enclosed Rear Garden
- ![Bedroom One](/listings/photos/173708345/291406) - Bedroom One
- ![Bedroom One](/listings/photos/173708345/291407) - Bedroom One
- ![Bedroom One](/listings/photos/173708345/291413) - Bedroom One
- ![Bedroom Two](/listings/photos/173708345/291415) - Bedroom Two
- ![Bedroom Two](/listings/photos/173708345/291417) - Bedroom Two
- ![Family Bathroom](/listings/photos/173708345/291419) - Family Bathroom
- ![Downstairs WC](/listings/photos/173708345/291423) - Downstairs WC
- ![Enclosed Rear Garden](/listings/photos/173708345/291424) - Enclosed Rear Garden
- ![Enclosed Rear Garden](/listings/photos/173708345/291426) - Enclosed Rear Garden
- ![Enclosed Rear Garden](/listings/photos/173708345/291427) - Enclosed Rear Garden
- ![23 Elizabeth Road, Cullompton](/listings/photos/173708345/291429) - 23 Elizabeth Road, Cullompton
- ![23 Elizabeth Road, Cullompton](/listings/photos/173708345/578092) - 23 Elizabeth Road, Cullompton

## Floorplans

- ![Floorplan](/listings/photos/173708345/291430) - Floorplan

## EPC Graphs

- ![EE](/listings/photos/173708345/291433) - EE
- ![EPC Report](/listings/photos/173708345/291434) - EPC Report

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 23 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £239,995 | 27/01/2023 | Semi-detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 27 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £150,000 | 08/08/2025 | Semi-detached |
| [Same street] 16 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £400,000 | 27/03/2025 | Detached |
| [Same street] 22 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £290,000 | 25/10/2024 | Semi-detached |
| [Same street] 25 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £237,495 | 22/12/2023 | Semi-detached |
| [Same street] 19 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £303,000 | 20/12/2023 | Detached |
| [Same street] 21 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £237,995 | 20/12/2023 | Semi-detached |
| [Same street] 42 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £275,500 | 19/12/2023 | Semi-detached |
| [Same street] 17 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £360,000 | 18/12/2023 | Detached |
| [Same street] 47 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £240,000 | 15/12/2023 | Semi-detached |
| [Same street] 43 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £230,000 | 15/12/2023 | Semi-detached |
| [Same street] 45 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £240,000 | 15/12/2023 | Semi-detached |
| 58 CAMBRIDGE WAY, CULLOMPTON, MID DEVON, DEVON, EX15 1GQ | £279,950 | 27/10/2023 | Semi-detached |
| 8 GOLDFINCH GROVE, CULLOMPTON, MID DEVON, DEVON, EX15 1UG | £295,000 | 10/08/2023 | Semi-detached |
| [Same street] 4 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £360,000 | 03/05/2023 | Detached |
| [Same street] 6 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £375,000 | 22/12/2022 | Detached |
| [Same street] 2 ELIZABETH ROAD, CULLOMPTON, MID DEVON, DEVON, EX15 1ZE | £445,000 | 16/12/2022 | Detached |

**Street average:** £295,999 (14 sales)
**Area average:** £287,475 (2 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £278,416 (21 Semi-detached, EX15, 2024–2026)
- **Deviation:** -10.2%

## Rental Range

*ONS Price Index of Private Rents (South West). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,113/mo
- **Realistic:** £1,237/mo
- **Optimistic:** £1,361/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Mid & East Devon (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £683/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, The Green, EX15 | £995/mo | 2 | 0.65 miles | OpenRent |

**Average rent: £995/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.4% (weak for cashflow)
- **Max investor price (0.8%):** £124,375
- **Target investor price (1%):** £99,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £995/mo).*

- **Gross yield:** 4.8%
- **Cost-to-rent:** 20.9×
- **Monthly cashflow:** £-114/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -1.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £3,571/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 12.7%
- **10y growth:** 40.9%

## House Price Index (HM Land Registry)

*Official index for South West; Semi-detached series; as of April 2026.*

- **1y growth (index):** 4.4%
- **5y growth (index):** 18.1%
- **10y growth (index):** 43.8%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)