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Marhamchurch, Bude, Cornwall, EX23 - Image 1
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Marhamchurch, Bude, Cornwall, EX23

South West

£3,000,000
Listed on 02/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
8848 sqft

Description

Nestled within the serene hills of the Cornish countryside, this property offers a unique blend of historic charm and substantial investment potential. Located just four miles from the coast and close to the village of Marhamchurch, it invites you to explore its tranquil surroundings while being conveniently near the amenities of the coastal town of Bude. Offering striking views across a sheltered valley towards the Atlantic Ocean, this property is ideally situated for those who appreciate both natural beauty and accessibility. Within a short drive, you'll find renowned beaches such as Widemouth Bay and Sandymouth, famous for their surfing opportunities and vibrant beach culture. The local area boasts an array of independent dining options that cater to a variety of tastes, including fresh seafood and gourmet vegetarian cuisine. The main residence, Waterstone House, has been thoughtfully restored from its origins as a 15th-century farmstead. While it retains its historical features like oak trusses and beams, it also presents an opportunity for further customization or expansion to suit your vision. The inviting dining hall serves as a central hub for the home, with adjoining rooms including a kitchen equipped with a designer handmade setup and access to an outdoor terrace perfect for entertaining. In addition to Waterstone House, the property includes multiple dwellings—such as The Wishbone, Wonnacott, Still House, Tinker, The Old Granary & Lofty—that present flexible living arrangements or potential rental income. Each outbuilding has been designed with comfort in mind while retaining character; for example, Tinker features unique showman wagons and an underground layout that adds to its appeal. The extensive grounds cover approximately 7.44 acres and offer both manicured gardens and wild areas teeming with wildlife. This diverse landscape includes wildflower meadows and ponds that attract various species like otters and ducks. There's significant scope here not only for personal enjoyment but also for potential development or enhancement—additional accommodations could be created in existing structures (subject to necessary consents), maximizing profitability in this desirable location. With useful outbuildings that include garages and workshops alongside mature grounds featuring ancient oak trees and scenic views extending down towards Widemouth Bay, this property represents a compelling opportunity for those looking to invest in a unique piece of Cornish countryside while capitalizing on its considerable renovation possibilities.

Investment Analysis

(EX23 area)

Below Market Value

This property is priced -2.9% below area average per sq ft

-2.9%
Potential saving
This Property
£339/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£300,000 - £750,000
10-25% of property value
Target Value
£3,397,720
10% above area average per sq ft
Potential ROI
-9.4%
After renovation
Monthly Sales
9
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX23)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 5.8%
5 year growth: 15.0%
Investment Disclaimer: Analysis based on EX23 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

Marhamchurch, Bude, Cornwall, EX23
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