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Bridgerule, Holsworthy

South West

£125,000
Listed on 28/03/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This property presents a notable opportunity for investment, featuring outline planning permission for two residential units under reference 1/0026/2023/OUT. Located on the periphery of the charming village of Bridgerule, the site is part of a broader redevelopment initiative that holds promise for future growth and community enhancement. Bridgerule offers residents essential amenities including a local pub, primary school, and community center, fostering a sense of neighborhood. For more extensive shopping and services, the market town of Holsworthy is just over 5 miles away, providing options such as a Waitrose supermarket along with healthcare facilities and various shops. The appealing coastal town of Bude is approximately 5.6 miles to the west, known for its sandy beaches and scenic coastal walks along the South West Coast Path. The area further benefits from its accessibility; Launceston lies about 13.6 miles to the south and serves as a gateway to Cornwall with convenient access to the A30 trunk road leading toward Exeter and Truro. Exeter features an international airport and mainline train connections, enhancing travel options significantly. The site itself offers considerable development potential given its outline planning approval for two homes. This aspect adds intrinsic value, making it an attractive proposition for developers or individuals looking to capitalize on renovation opportunities in a serene countryside setting. Currently, there are no utility services connected to the site, which may require prospective buyers to investigate their options regarding service availability and costs. Viewings are available strictly by appointment through Stags agents, ensuring that interested parties can assess this unique project opportunity firsthand.

Investment Analysis

(EX22 area)
Area Average
£304/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX22)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -15.9%
5 year growth: 7.4%
Investment Disclaimer: Analysis based on EX22 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

Bridgerule, Holsworthy
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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
£458
Based on a loan of £93,750 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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