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Hillhead, Stratton, Bude, Cornwall, EX23 - Image 1
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Hillhead, Stratton, Bude, Cornwall, EX23 - Image 7
Hillhead, Stratton, Bude, Cornwall, EX23 - Image 8

Hillhead, Stratton, Bude, Cornwall, EX23

South West

£125,000

Listed on 04/11/2025

Property details

Bedrooms
N/A
Type
Plot

Description

This unique non-estate plot presents a promising opportunity for development with conditional planning approved for a three-bedroom detached home. Set against the backdrop of a neighbouring grade II listed cottage, careful consideration has been given to ensure that any new construction is in keeping with the character of this historic area. There is potential for ample off-road parking and garden space, making it an attractive proposition for future residents. The site currently includes a shed linked to the adjacent garage that will need to be removed, which provides flexibility during negotiations. The access points directly onto the main road are beneficial for convenience. A Community Infrastructure Levy (CIL) of £14,385.85 applies to this development, although some exemptions may be available for self-build projects—interested buyers should research these details further with the local council. Prospective purchasers are encouraged to assess the availability and costs associated with connecting essential services to the site. This freehold plot represents an exceptional opportunity for those looking to invest in a property with significant development potential.

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Investment analysis

(EX23 area)
Area Average
£347/sq ft
Avg Rent (weekly)
£239
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -6.0%
5 year growth: +4.3%
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

Hillhead, Stratton, Bude, Cornwall, EX23
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£472
Based on a loan of £93,750 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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