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Widemouth Bay, Bude

South West

£595,000
Listed on 11/12/2024

Property Details

Bedrooms
11
Type
Detached
Area
4428 sqft

Description

An exceptional opportunity to secure a substantial farmhouse paired with a separate cottage, located in a sought-after area near the north coast. This property, comprising a 7-bedroom farmhouse and an attached 4-bedroom cottage, presents a promising renovation or investment project. Both buildings feature a blend of wooden frame and uPVC windows and require comprehensive modernisation throughout. The potential for conversion into multiple residences exists, subject to obtaining the necessary planning permissions. The farmhouse includes three spacious reception rooms, a kitchen, seven bedrooms, and multiple bathrooms alongside storage areas, all set against the backdrop of garden views and distant glimpses of Widemouth Bay from the first floor. Meanwhile, the cottage features an open-plan kitchen/dining area and offers four bedrooms along with essential living spaces. Externally, the property boasts landscaped gardens on both sides, providing ample outdoor space along with a secluded courtyard for the cottage. While currently there is a single designated parking spot, there is potential to develop additional parking options if needed. Situated just one mile from the A39 Atlantic Highway and close to local amenities including seaside cafes and leisure facilities, this property is perfectly positioned for restoration. This freehold property also benefits from mains electricity, water, and drainage services. Please note that these services have not been independently verified by agents. With no onward chain, this property is primed for those looking to invest in an area known for its rich coastal lifestyle.

Investment Analysis

(EX23 area)

Below Market Value

This property is priced -61.4% below area average per sq ft

-61.4%
Potential saving
This Property
£134/sq ft
Area Average
£348/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,694,308
10% above area average per sq ft
Potential ROI
+100.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -3.5%
5 year growth: +9.8%
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

Widemouth Bay, Bude
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,107
Based on a loan of £446,250 over 30 years at 3.91% 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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