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Troon

South West

£200,000
Listed on 13/06/2024

Property Details

Bedrooms
N/A
Type
Plot

Description

This is an intriguing opportunity to acquire building plots designed for the construction of two semi-detached homes, nestled in a serene area of a sought-after village. The proposed properties are thoughtfully planned to include three bedrooms, a kitchen/dining room, a sitting room, a cloakroom, and a bathroom. Each house will benefit from private rear gardens and designated parking spaces. Significant groundwork has already been completed, including demolition of outbuildings and the establishment of an access road. Furthermore, remediation work related to mining issues has been undertaken by specialists to ensure the site is ready for development. Planning permission has been secured from Cornwall Council (Ref PA20/05854) as of February 2021, and building regulations have been submitted, indicating that progress is being made toward bringing these homes to fruition. With services anticipated to be nearby, future owners will need to confirm infrastructure availability. This unique plot not only offers immediate development potential but also includes an additional traditional stone barn with planning permission for conversion — presenting further investment opportunities in this attractive region.

Investment Analysis

(TR14 area)
Area Average
£267/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TR14)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -4.0%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on TR14 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

Troon
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£714
Based on a loan of £150,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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