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Azime Court

South West

£895,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
2897 sqft

Description

This property presents a unique opportunity in the heart of Rock, a highly sought-after coastal village known for its charm and vibrant community. Azime Court, constructed in 1996, features a versatile mixed-use structure that includes two retail units and office spaces, as well as a first-floor residential apartment. The retail units—Rock Fish and Mooch Home—are strategically positioned along Rock Road, benefitting from visibility and accessibility. Additionally, the rear of the building accommodates office space occupied by The Coast Guard. The residential aspect of Azime Court offers an open-plan living environment, complete with two bedrooms and a bathroom. The apartment also includes access to a small rear balcony that overlooks the property’s parking area. With approximately 951 square feet dedicated to the living space, it provides comfortable accommodations while retaining potential for enhancement through renovations. In terms of investment potential, planning permission has been granted for significant improvements to the current residential unit, allowing for the creation of two new apartments—a three-bedroom unit with an accompanying terrace and a separate two-bedroom apartment with a covered balcony. Furthermore, there’s additional approval for developing either another commercial space or a two-bedroom apartment above the existing garages located at the back of the property. This expansion can substantially increase rental income possibilities. Azime Court's location is particularly advantageous; Rock is renowned not only for its natural beauty but also for its proximity to high-quality dining options including The Dining Room and Rick Stein’s Seafood Restaurant in nearby Padstow. The thriving market town of Wadebridge is just six miles away, offering further amenities. The property benefits from mains water, electricity, and drainage connections with electric heating throughout. There is ample parking available both at the front and rear of the building along with five individual garages which can be utilized for storage or additional rental opportunities. With a total area of approximately 3,177 square feet across diverse functional spaces, Azime Court stands out as a compelling investment proposition. Whether you are considering it as an owner-occupier opportunity or looking to capitalize on its development potential in this prime coastal setting, this property offers significant scope for growth.

Investment Analysis

(PL27 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£309/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£232
Avg Yield
2.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,217,797
10% above area average per sq ft
Potential ROI
+16.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL27)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 1.8%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on PL27 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

Azime Court
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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
£3,279
Based on a loan of £671,250 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