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Coldrock, Egloshayle, PL27

South West

£795,000
Listed on 24/02/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2428 sqft

Description

Nestled on the outskirts of the vibrant market town of Wadebridge, Coldrock offers a rare blend of tranquility and potential for renovation or redevelopment. This property is set within an expansive plot of approximately 0.9 acres, providing ample space for future development while maintaining a sense of privacy away from the hustle and bustle. Currently configured as a four-bedroom home, Coldrock's existing structure provides a solid foundation for those looking to invest in residential projects. Recent planning permission has been granted (application number PA24/02039) for the demolition of the current dwelling and garages, paving the way for two modern family homes each exceeding 3,650 square feet. These proposed residences will feature spacious five-bedroom layouts with four bathrooms, open-plan living areas, and extensive gardens—ideal for creating bespoke living spaces that cater to contemporary tastes. The property's location is one of its significant advantages; just one mile from Wadebridge, residents can easily access a variety of independent shops, cafes, restaurants, and essential amenities. The town is well-equipped with facilities such as schools, a community-owned sports center, gyms, and a cinema. Outdoor enthusiasts will appreciate proximity to the renowned Camel Trail—a popular cycling route running between Padstow and Bodmin. Services to Coldrock include mains water and electricity, private drainage systems, and oil-fired central heating. Additionally, ultrafast broadband connectivity and strong 5G mobile coverage make this location appealing for modern lifestyles. For those seeking investment opportunities in North Cornwall's sought-after real estate market, Coldrock represents an exceptional chance to develop distinctive properties in a location known for its charm and community spirit. The nearby towns of Padstow and Rock enhance the area's allure with their picturesque scenery and recreational options. Accessing Coldrock is straightforward; follow the A389 from Wadebridge towards Bodmin. After approximately 0.7 miles, turn left into Treworder Lane before navigating through the winding lane where you'll find the entrance on your right-hand side.

Investment Analysis

(PL27 area)

Below Market Value

This property is priced -14.3% below area average per sq ft

-14.3%
Potential saving
This Property
£327/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£232
Avg Yield
2.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Target Value
£1,020,646
10% above area average per sq ft
Potential ROI
-36.0%
After renovation
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
5%
Properties sold annually

Local Market Trend (PL27)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 1.8%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on PL27 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

Coldrock, Egloshayle, PL27
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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
£2,912
Based on a loan of £596,250 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