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Building Plot, Mount Wise, Newquay - Image 1
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Building Plot, Mount Wise, Newquay

South West

£295,000
Listed on 18/01/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a promising opportunity for development, complete with approved planning permission for two semi-detached homes, each featuring four bedrooms. Positioned within close proximity to the vibrant heart of Newquay, these homes will offer beautiful sea views over Newquay Bay and include designated off-road parking for two vehicles per unit. Each proposed three-story townhouse is designed to incorporate spacious living areas, with the second floor capturing stunning vistas. The plot also allows for the creation of private landscaped gardens facing south, enhancing the appeal of these future residences. Potential buyers are encouraged to review the detailed planning application (PA23/04779) online for further insights into the project. Nestled on Mount Wise, this site benefits from local amenities including shops, eateries, and access to picturesque beaches and an active fishing harbour. Furthermore, convenient transport links via bus and rail are available, with Newquay Airport located just seven miles away. This location not only promises a desirable family home but also highlights its potential as a profitable vacation rental once developed.

Investment Analysis

(TR7 area)
Area Average
£363/sq ft
Avg Rent (weekly)
£268
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (TR7)

Area prices are falling by +3.6% over the last 12 months
3 year growth: -10.2%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on TR7 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

Building Plot, Mount Wise, Newquay
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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
£1,081
Based on a loan of £221,250 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.

Next Steps

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