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Building Plot, Mawgan Porth, TR8 - Image 1
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Building Plot, Mawgan Porth, TR8

South West

£850,000
Listed on 16/05/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents an intriguing opportunity for renovation and development, nestled in a desirable cul-de-sac location that boasts captivating views of the coastline and Mawgan Porth. Strategically positioned above the expansive sandy beach and vibrant waterside cafes, this elevated plot is primed for a new build that can take full advantage of the picturesque surroundings. Planning permission has been secured for a spacious detached dwelling featuring three storeys, with flexible design options available subject to further approvals. An extensive excavation of the site has already been completed by the current owners, laying the groundwork for immediate construction. The proposed layout includes two en-suite bedrooms on the first floor and a ground floor designed for open-plan living, complemented by an inset balcony that enhances indoor-outdoor flow. The lower ground level offers additional living space with two more bedrooms, a family bathroom, and an integral garage. The use of natural stone for the retaining walls adds to the aesthetic appeal of the project. This development is ideal for those interested in creating a bespoke coastal home tailored to personal specifications while maximizing potential returns on investment. Situated in Mawgan Porth, one of North Cornwall’s most sought-after locations, this property benefits from proximity to a stunning beach renowned for its water sports and scenic coastal paths. Local amenities abound, including shops, cafés, restaurants like The Merrymoor public house, surf schools, and access to leisure facilities at nearby hotels such as The Scarlet Hotel and Bedruthan Hotel. For outdoor enthusiasts and food lovers alike, nearby attractions include world-class dining options in Padstow and access to beautiful walks along the South West Coastal Path. Conveniently located just under 20 minutes from the A30 and approximately 2.4 miles from Newquay Airport, this site offers both tranquility and connectivity. With its unique blend of location benefits and development potential, this property invites those looking to invest in their vision of coastal living while capitalizing on the area's growing desirability.

Investment Analysis

(TR8 area)
Area Average
£368/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£85,000 - £212,500
10-25% of property value
Monthly Sales
15
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (TR8)

Area prices are falling by +7.3% over the last 12 months
3 year growth: -6.0%
5 year growth: 18.1%
Investment Disclaimer: Analysis based on TR8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Building Plot, Mawgan Porth, TR8
Map showing location of Building Plot, Mawgan Porth, TR8
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