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Poundstock, Bude, Cornwall, EX23

South West

£525,000
Listed on 05/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

An excellent investment opportunity is available with this pair of expansive building plots in the tranquil parish of Poundstock, Cornwall. With full planning permission in place for two spacious four-bedroom homes, this site offers significant potential for development. Both planned properties are designed to take advantage of the stunning views across the lush countryside and the Atlantic Ocean, making them highly desirable in this picturesque Area of Outstanding Natural Beauty. Situated just a short drive from Bude, a bustling coastal town known for its beautiful beaches and active community, these plots could easily appeal to homebuyers seeking modern living in a scenic locale. The proposed reverse-living design places open-plan living areas on the first floor, optimizing natural light and views from west-facing terraces. The site benefits from good accessibility off the A39, with essential services such as water, electricity, and drainage close by. The gently sloping terrain provides an attractive setting for the new builds while maintaining established boundaries on three sides. Given that part of the property is currently classified as agricultural land, there may be potential to convert this space into additional gardens under future approvals. This unique aspect adds further value to what is already a promising development project. Investors should note there is an uplift clause on part of the site until October 2026 but it does not extend to where the proposed homes will be built. Furthermore, buyers are encouraged to confirm all service availability and any associated costs prior to purchase. Overall, this plot stands out as a substantial opportunity for developers looking to create high-standard homes in a sought-after location.

Investment Analysis

(EX23 area)
Area Average
£346/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (EX23)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -0.2%
5 year growth: +10.3%
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

Poundstock, Bude, Cornwall, EX23
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,893
Based on a loan of £393,750 over 30 years at 4.06% 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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