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Old Drovers Way, Stratton, Bude, Cornwall, EX23 - Image 1
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Old Drovers Way, Stratton, Bude, Cornwall, EX23 - Image 8
Old Drovers Way, Stratton, Bude, Cornwall, EX23 - Image 9

Old Drovers Way, Stratton, Bude, Cornwall, EX23

South West

£165,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a unique opportunity for developers and investors, with approved planning permission for a modern three-bedroom detached home. Located within the historic walled gardens of Stratton Manor, the site is accessed via Old Drovers Way, providing a peaceful setting in one of Stratton's desirable neighborhoods. The plot is fully serviced, already equipped with essential utilities including electricity, water, BT ducting, and a mains-connected private sewage pump station. All preliminary conditions for construction have been met, streamlining the process and allowing work to commence immediately. The current plans detail a contemporary two-story residence featuring three spacious bedrooms, including a principal suite with an en-suite bathroom, along with ample living areas including a sitting room and an open-plan kitchen/dining space. Additionally, there is consent for constructing a one-bedroom cabin-style dwelling on the site if desired. This presents an appealing option for those looking to generate rental income or create a compact vacation property. The location is not only serene but also conveniently close to the historic market town of Stratton, which boasts essential amenities such as shops, pubs, and community services. Just five miles away lies Bude, known for its beautiful sandy beaches and vibrant local culture. The surrounding coastline is designated as an Area of Outstanding Natural Beauty, ideal for outdoor enthusiasts who enjoy walking and water sports. For broader access to amenities and logistical connections, Holsworthy is about 10 miles inland while Bideford provides additional shopping options approximately 28 miles to the northeast. Access to major routes is straightforward; Okehampton—situated near Dartmoor National Park—is around 30 miles away and leads easily to Exeter’s transportation network. Potential buyers should note that investing in this property comes with a Community Infrastructure Levy (CIL) liability of £19,089.02; however, self-builders intending to occupy their new home as their primary residence may qualify for exemption after meeting certain criteria. This property not only represents tangible investment potential in terms of residential value but also invites creative possibilities for modular designs or bespoke builds that align with personal vision or market demand.

Investment Analysis

(EX23 area)
Area Average
£351/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.8%

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
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -2.0%
5 year growth: 11.1%
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

Old Drovers Way, Stratton, Bude, Cornwall, EX23
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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
£604
Based on a loan of £123,750 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