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5 New Road

South West

£625,000
Listed on 04/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2077 sqft

Description

This expansive six-bedroom Victorian property is a classic slate hung design that spans three levels, boasting appealing coastal views from its elevated position. Currently configured as two distinct living spaces—a two-bedroom flat on the ground floor and a four-bedroom maisonette occupying the first and second floors—this property presents substantial renovation and investment potential. The flexible layout allows for various reconfiguration options, making it an attractive prospect for those looking to create a single-family home or maintain the dual-apartment arrangement for rental income. Located within walking distance of Port Isaac harbour and Port Gaverne cove, this property benefits from its proximity to the vibrant local community. The charming village is known for its picturesque streets, popular dining establishments—including two of Nathan Outlaw’s eateries—and scenic coastal walks. Essential amenities are readily available in Port Isaac, with further shopping options just a short drive away in Wadebridge. The property features original architectural details, including stained glass entrance hallways and spacious living areas. On the ground floor, you will find a welcoming sitting room, a kitchen, two double bedrooms (one with sea views), and a family bathroom. The first floor offers additional living space with another sitting room, kitchen, double bedroom, single bedroom, and family bathroom. The top level consists of two further double bedrooms. Outside, the property includes a sizable lawned garden that wraps around its side and features a small patio at the back. Shared access to the garden is available with the adjacent property at No 7 New Road. An external staircase provides private entry to the first-floor apartment. For investors or developers seeking opportunities in this sought-after area, adjoining properties at 7 and 7a New Road are also available for purchase through separate negotiations. With a combined plot size of approximately 0.3 acres, these properties could offer unique development possibilities subject to obtaining necessary planning permissions. In addition to mains water and electricity supply from the national grid, there is oil-fired central heating throughout the home. This combination of location, structural potential, and expansion possibilities makes this Victorian home not just a residence but an investment opportunity waiting to be realized.

Investment Analysis

(PL29 area)

Below Market Value

This property is priced -43.3% below area average per sq ft

-43.3%
Potential saving
This Property
£301/sq ft
Area Average
£531/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,213,404
10% above area average per sq ft
Potential ROI
+62.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Market Turnover
%
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

5 New Road
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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
£2,254
Based on a loan of £468,750 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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