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Downs View, Bude, Cornwall

South West

£500,000
Listed on 15/12/2025

Property Details

Bedrooms
8
Type
Flat
Area
2996 sqft

Description

This substantial Edwardian terraced property, located just a short walk from Crooklets Beach and overlooking Bude Golf Course, presents an exciting investment opportunity. Currently configured into seven HMO flats and spanning three floors with additional basement space, this property has been in familial hands for over 30 years. While it remains fully operational, the need for extensive modernization throughout offers a blank canvas for investors or developers looking to reimagine the space. Potential avenues include transforming it into a single grand coastal residence or multiple upscale apartments, subject to planning permissions. With approximately 278 sq.m / 2,996 sq.ft of accommodation available, there’s ample scope to optimize the layout according to market demands. The property's front features a low-maintenance garden, while the generous rear area provides valuable off-road parking and extra storage options in the basement. Given its prime location along a highly desirable coastal road and the rarity of such opportunities in this area, this project is perfect for those looking to capitalize on both residential rental prospects and potential redevelopment.

Investment Analysis

(EX23 area)

Below Market Value

This property is priced -52.4% below area average per sq ft

-52.4%
Potential saving
This Property
£167/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,156,426
10% above area average per sq ft
Potential ROI
+54.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -2.0%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on EX23 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

Downs View, Bude, Cornwall
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 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