It is now owned by Cullompton Walronds Preservation Trust which was registered as a charity and as a private company limited by guarantee in the spring of 1997. It inherited half the building in 2005 from Miss June Severn and bought the other half. In 2008 the building became the only building in Mid Devon to be put on English Heritage's Buildings at Risk Register and received £250,000 from Devon County Council and £100,000 from Mid Devon District Council for restoration work. Emergency repairs costing £15,000 were carried out during 2008. In July 2010 the Heritage Lottery Fund announced that it would provide a grant of £1.75 million to help complete the restoration. Work began with the erection of scaffolding in August 2011. Restoration including restoring the rendering on the house. This had been removed in 1898 causing water to penetrate the fabric of the building. The house re-opened to the public following the restoration on 29 March 2014 with a display of kersey cloth and costumes made by the Walronds Costume making group.