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7 New Road

South West

£375,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Plot
Area
1276 sqft

Description

This detached two-storey residence, previously cherished as a family home, is situated on a prominent corner plot of approximately 0.221 acres on New Road. The property is ripe for modernization or potential redevelopment, contingent on obtaining the necessary planning permissions. Its substantial footprint presents an excellent opportunity for new owners to put their personal touch on the space. The elevated position allows for distant sea views towards Tintagel Head, adding a scenic element to the property. The ground floor comprises an entrance hall leading to an open plan kitchen and dining area, along with a separate sitting room featuring a wood burner. There are also practical spaces including a utility room and a WC. Upstairs, three well-sized double bedrooms await alongside a bathroom and additional WC. Externally, the property benefits from driveway parking at the front which provides access around to the rear courtyard patio. Here, there is also a double garage and a separate workshop that enhance functionality. Located in Port Isaac—a picturesque holiday destination famed for its historic fishing harbour and charming streets—this property offers both residential appeal and investment potential. With nearby dining options like Nathan Outlaw's establishments and proximity to everyday conveniences in Port Isaac, as well as Wadebridge just 8 miles away for broader shopping needs, this location strikes a balance between tranquility and accessibility. Additionally, further development opportunities arise with adjacent properties also available through separate negotiations.

Investment Analysis

(PL29 area)

Below Market Value

This property is priced -46.0% below area average per sq ft

-46.0%
Potential saving
This Property
£294/sq ft
Area Average
£544/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£763,629
10% above area average per sq ft
Potential ROI
+75.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL29)

Area prices are falling by -100.0% over the last 12 months
5 year growth: -100.0%
Investment Disclaimer: Analysis based on PL29 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

7 New Road
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 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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