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Hillhead, Stratton, Bude, Cornwall, EX23

South West

£125,000
Listed on 04/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This non-estate plot offers a unique opportunity for those looking to invest in a new build, as it comes with conditional planning approval under application number PA24/02642 for a three-bedroom detached home. The proposed design has been thoughtfully developed, taking into consideration the aesthetics of the adjacent Grade II listed cottage, which adds character to the area. The plot features ample off-road parking and garden space, making it suitable for families or individuals seeking outdoor space. The access point opens directly onto the main road, which is advantageous for connectivity while still maintaining a degree of privacy. Currently situated on the land is a shed that will need to be removed; this task can be negotiated within an accepted offer, providing flexibility for potential buyers. It's important to note that there is a Community Infrastructure Levy (CIL) requirement of £14,385.85 associated with this development. However, exemptions may apply for self-build projects, so prospective buyers are encouraged to consult with local authorities regarding any applicable regulations and requirements. The property is freehold and presents an excellent chance for renovation-minded investors to create a bespoke home tailored to their specific needs. As always, interested parties should verify utility connections and other services prior to purchase to ensure feasibility. Viewings are by appointment only; please reach out to arrange a visit. This location boasts convenient access to nearby amenities and transport links, further enhancing its appeal as an investment opportunity in a growing area.

Investment Analysis

(EX23 area)
Area Average
£350/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
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
5%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by +2.8% over the last 12 months
3 year growth: 2.9%
5 year growth: 13.2%
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.

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Location

Hillhead, Stratton, Bude, Cornwall, EX23
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