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Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 1
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 2
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 3
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 4
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 5
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 6
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 7
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 8
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 9
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 10
Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23 - Image 11

Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23

South West

£100,000
Listed on 08/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development plot presents an excellent opportunity for investors or self-builders looking to capitalize on a prime location in a desirable village. The site, approximately 283 square meters in size, has already received conditional planning approval for the construction of a three-bedroom detached dwelling. The proposed design includes a spacious open-plan living area, kitchen, and dining space that opens onto the west-facing garden, along with essential features such as a utility room, entrance hall, and family bathroom. Nestled in the heart of this vibrant community, the property is conveniently within walking distance of local amenities including a primary school, shop, and public house. With the A39 ‘Atlantic Highway’ just half a mile away, accessing nearby towns like Bideford and Barnstaple is straightforward. Additionally, the coastal resort of Bude—located about two and a half miles from the plot—offers further recreational opportunities with its sandy beaches and leisure facilities. The existing conditional planning permission (Application Number PA24/00436) allows for immediate action on the development, making this an appealing prospect for those ready to embark on their building journey. The potential for off-road parking accommodating multiple vehicles enhances the property's attractiveness to future occupants. It’s worth mentioning that while mains water, electricity, and drainage are likely nearby, prospective buyers should confirm availability and connection costs prior to purchase. This plot stands out as a rare find in Marhamchurch and is expected to attract interest due to its established planning consent and promising investment potential.

Investment Analysis

(EX23 area)
Area Average
£351/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Hobbacott Lane, Marhamchurch, Bude, Cornwall, EX23
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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
£366
Based on a loan of £75,000 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