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King Harry Road, Feock

South West

£300,000
Listed on 18/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot offers a unique opportunity for those looking to invest in a desirable location on the outskirts of Feock. With planning permission already granted for a three-bedroom detached house, this site is well-positioned for new development and future growth. The dimensions of the plot are approximately 25 meters by 17.5 meters, allowing ample space for construction while still maintaining a natural setting, complemented by an adjacent coppice of trees included in the sale. Feock is a charming village situated between Truro and Falmouth, known for its picturesque landscapes along the River Fal. The area provides convenient access to Loe Beach, where moorings and boat lay-ups offer leisure opportunities in some of the finest sailing waters in the country. The surrounding countryside features scenic walking trails and is close to local attractions such as the National Trust gardens at Trellisick and the King Harry Ferry, which provides quick access to the stunning coastline of the Roseland Peninsula. For everyday needs, general stores are available nearby in Playing Place and Carnon Downs, while more extensive amenities can be found in nearby Truro. The granted planning permission, with reference number PA23/01747, details the construction proposal for a three-bedroom dwelling that emphasizes thoughtful design and compliance with local planning policies. This presents an invaluable opportunity not only for immediate development but also for potential appreciation in property value given Feock's appealing characteristics and growing desirability. Utilities such as mains water, electricity, and drainage are believed to be near the site; however, prospective buyers are encouraged to conduct their own inquiries to confirm connections. This plot represents not just a chance to build a home but an investment in a vibrant community poised for continued interest from homeowners and investors alike.

Investment Analysis

(TR3 area)
Area Average
£389/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR3)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -14.5%
5 year growth: 22.0%
Investment Disclaimer: Analysis based on TR3 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

King Harry Road, Feock
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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
£1,099
Based on a loan of £225,000 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