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Queens Park, Wadebridge, PL27

South West

£125,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached home features three bedrooms and two reception rooms, constructed from Cornish unit materials. As a cash-only opportunity, the property is not currently mortgageable, making it especially appealing for investors or buyers looking for a renovation project. Set in a location with expansive views over Wadebridge, the property benefits from a generous rear garden that offers considerable potential for landscaping or further development. While requiring modernization throughout, the space allows for creative reimagining of both the interior and exterior areas. Immediate vacant possession ensures a straightforward transition, free from any onward chain complications. The layout includes an entrance hall leading to the primary living spaces. The lounge boasts a front-facing double-glazed window and an open fireplace surrounded by tiles, complemented by an electric night storage heater. Adjacent to the lounge is the dining room, which also features a double-glazed window overlooking the rear garden. The kitchen is functional yet awaits updates; it is equipped with ample cupboard space and offers connections for essential appliances. A door leads directly to the side of the property. On the first floor, each bedroom provides natural light through double-glazed windows. Bedrooms one and three present impressive views of Wadebridge town, while bedroom two looks out over the rear garden. Additional features include built-in wardrobes and an airing cupboard in bedroom one. The bathroom includes essential fixtures but could benefit from modernization. Outside, the spacious rear garden is enclosed by timber fencing and hedges, creating a private retreat perfect for future enhancements or outdoor gatherings. A block-built shed and WC add practical utility to this outdoor space. Mains water, drainage, and electricity are already connected to the home, facilitating any renovations planned by future owners. With its blend of location advantages and renovation potential, this property represents a promising investment opportunity in a desirable area.

Investment Analysis

(PL27 area)
Area Average
£396/sq ft
Avg Rent (weekly)
£268
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£12,500 - £31,250
10-25% of property value
Monthly Sales
9
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PL27)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 1.5%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on PL27 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

Queens Park, Wadebridge, PL27
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