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Lusty Glaze Road, Newquay, Cornwall

South West

£1,750,000
Listed on 18/06/2025

Property Details

Bedrooms
20
Type
Terraced house
Area
10064 sqft

Description

This property presents a unique investment opportunity situated on the North Coast, nestled between Newquay and Porth. With a total of 20 bedrooms spread across five intended three-storey townhouses, the design allows for versatile living spaces that can cater to both family and vacation rental markets. The location is particularly appealing, positioned directly above Porth Beach. This area boasts stunning panoramic views of Newquay Bay, Watergate Bay, and stretches of coastline extending to Trevose Head. The beach itself offers a blend of gentle bathing waters as well as conditions suitable for bodyboarding, making it an attractive spot for holidaymakers. Access to the beach is convenient, with pathways leading down from the site at low tide and a brief walk required at high tide. Seals are often spotted in the waters here, adding to the charm of this coastal setting. Nearby Lusty Glaze Beach offers another dimension to local leisure activities. Known for its scenic cliffs and intimate sandy space, it attracts surfers and beachgoers alike, featuring a restaurant/bar that contributes to its appeal as a community hub. Newquay is recognized as one of Cornwall's premier holiday destinations due to its renowned surfing spots and picturesque coastline. The town provides a full range of amenities, including shopping facilities and educational institutions. Transportation options are also strong with a nearby railway station and Newquay airport offering domestic and international flights. From a development perspective, planning permission has been granted for an expansion that includes 11 properties in total. This initial phase comprises five townhouses that feature open-plan kitchen/dining/living areas with sea view terraces, along with en-suite master bedrooms equipped with balconies overlooking the beach. The current landowner plans to demolish existing structures in preparation for this redevelopment. This property not only offers potential for immediate renovation but also promises significant long-term value in one of Cornwall's most sought-after locations. Further information can be acquired through direct inquiry with local agents familiar with the property’s oversight.

Investment Analysis

(TR7 area)

Below Market Value

This property is priced -51.9% below area average per sq ft

-51.9%
Potential saving
This Property
£174/sq ft
Area Average
£362/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£175,000 - £437,500
10-25% of property value
Target Value
£4,001,950
10% above area average per sq ft
Potential ROI
+82.9%
After renovation
Monthly Sales
29
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (TR7)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -6.7%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on TR7 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

Lusty Glaze Road, Newquay, Cornwall
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