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Rigi & Beachside

South West

£3,995,000
Listed on 08/08/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This unique property presents an exceptional opportunity for renovation or redevelopment, ideally located on Tristram Cliff with direct views of Polzeath beach. The site encompasses a generous 100 linear meters along the Southwest Coast Path, offering breathtaking panoramic vistas of the sea and coastline. Surrounded by well-established grounds, the gently sloping lawn leads directly to the path, providing seamless access to the beach. The main dwelling, known as Rigi, is a classic bungalow constructed in the 1950s. It features three bedrooms and two bathrooms, including an en-suite. The heart of this home is a spacious open-plan sitting and dining area that boasts large bay windows, framing stunning sunset views over Polzeath. This property has functioned as a successful holiday rental up until recently and can benefit from modern updates to enhance its appeal further. Adjacent to Rigi is Beachside, a single-storey cottage requiring significant renovation. This structure includes two bedrooms and a bathroom but is currently not habitable. Its location at the rear of Rigi allows for flexible use in tandem with potential redevelopment plans for the entire plot. Notably, there is an existing planning permission for constructing two new dwelling houses on this site following the demolition of existing structures; this was granted under PA15/10720 and remains valid due to work previously initiated on-site. This potential for new builds adds considerable attractiveness to any investment strategy. Both properties benefit from mains water and electricity services, as well as shared private drainage arrangements and superfast broadband connectivity—important features for both residential use or potential rental income. Externally, the expansive gardens offer ample outdoor space while maintaining uninterrupted views across the coastline. The location is perfect for outdoor enthusiasts; immediate access to the Southwest Coast Path opens up numerous walking trails alongside the picturesque shoreline. Polzeath itself is a sought-after coastal village known for its stunning beaches and vibrant community. The local area offers various amenities within walking distance, including dining options such as TJ’s Surf Café and The Oystercatcher. For more extensive shopping needs, Wadebridge is just seven miles away, providing a mix of independent shops and larger supermarkets. With its prime location just steps from Polzeath Beach and close proximity to Daymer Bay and Rock, along with easy travel connections via ferry services to Padstow or nearby airports, this property holds significant long-term value both as a family residence or an investment opportunity in Cornwall’s competitive real estate market.

Investment Analysis

(PL27 area)
Area Average
£395/sq ft
Avg Rent (weekly)
£284
Avg Yield
2.6%

Renovation Potential

Est. Renovation Cost
£399,500 - £998,750
10-25% of property value
Monthly Sales
14
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL27)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 7.4%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on PL27 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

Rigi & Beachside
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