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Development Site For 5 Dwellings, Indian Queens

South West

£350,000
Listed on 29/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This undeveloped site, spanning approximately 0.25 hectares (0.62 acres) at the end of a secluded cul-de-sac in Indian Queens, presents a unique renovation and investment opportunity. The land is currently composed of grassy terrain, providing a blank canvas for future development. Notably, an outline planning application (ref. PA22/08765) has been successfully approved for the construction of five residential units—specifically four-bedroom dormer bungalows—each with an internal floor area of around 160 square meters (approximately 1,722 square feet). While certain matters regarding design and layout remain to be finalized, access to the site has already received approval. The location of this property is advantageous due to its proximity to key transportation routes, including the A30, facilitating easy travel to nearby towns such as Newquay, St Austell, and Bodmin. Indian Queens itself is a well-regarded village that offers essential amenities, from a Co-op supermarket and post office to local dining options and a primary school. Additionally, just a short drive away is Kingsley Village, which hosts various retail outlets including M&S, Next, Starbucks, and more. This property holds significant potential for developers or investors looking to capitalize on the growing demand for housing in this area. With no Section 106 liabilities attached to the approved planning application and a zero-rated Community Infrastructure Levy (CIL), the financial implications are favorable for prospective builders. Utilities are reported to be available nearby; however, interested parties should conduct their own investigations prior to any offers. Viewing of the site is strictly by appointment only. For those keen on exploring this opportunity further or seeking additional planning documentation available upon request from our agents, this could be an excellent chance to shape a promising development in a thriving community.

Investment Analysis

(TR9 area)
Area Average
£290/sq ft

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Monthly Sales
11
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (TR9)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -1.3%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on TR9 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

Development Site For 5 Dwellings, Indian Queens
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