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Trekenning Road, St Columb - Image 1
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Trekenning Road, St Columb

South West

£650,000
Listed on 02/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a notable opportunity for redevelopment in a well-established urban setting. Spanning approximately 1.3 acres, it features 6,600 square feet of workshop and office space. The site has excellent vehicular access via Trekenning Road, which enhances its appeal for various redevelopment possibilities. Originally functioning as a garage since the mid-1950s, the property comprises predominantly block construction under a corrugated roof and includes facilities such as inspection pits, office spaces, and restrooms. In addition to the main structure, there are remnants of a former MOT station and old lockups on site, which may offer further potential for renovation or re-purposing. The relatively level terrain is conveniently located near St Columb Major's conservation area and is bordered by the town’s primary school to the north and residential properties to the east, south, and west. This positioning provides a dual advantage: access to local amenities while still being part of a local community. Residents can benefit from nearby services and facilities within walking distance. The property is also in close proximity to major transportation routes, sitting just a third of a mile from the A3059—an important road leading towards Newquay—which makes commuting straightforward. The existing structures include various storage areas and workshop space totaling approximately 612.4 square meters (or 6,590 square feet). This layout provides ample room for possible transformations that could cater to different commercial needs or residential development projects. The local area rich with history features notable architecture reminiscent of Cornish heritage; St Columb Major itself boasts significant historic landmarks including its 15th-century church dedicated to Saint Columba. The town’s central location means easy travel to nearby attractions: Wadebridge is about 7 miles north along the A39, while Newquay—a hub for tourism known for its stunning beaches—is only around 6 miles away. Additionally, key routes like the A30 are accessible within a five-minute drive. Given these factors—the site's size, location advantages, existing facilities—and potential for renovation or new development projects—this property stands out as an appealing investment opportunity in an area that combines historical charm with modern conveniences.

Investment Analysis

(TR9 area)
Area Average
£289/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR9)

Area prices are rising by +5.0% over the last 12 months
3 year growth: 0.4%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on TR9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Trekenning Road, St Columb
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE