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Plot Two, Bell Veor, Lanner

South West

£150,000
Listed on 30/03/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This is a unique opportunity to acquire a substantial plot of land, measuring approximately 0.5 - 0.7 acres (subject to verification), located in a sought-after area of South West England. Conditional planning permission has been secured for the development of two detached two-bedroom homes. The approved plans include thoughtfully designed spaces with an open-plan kitchen/dining area and a separate living room on the ground floor, alongside essential amenities such as a WC. The first floor features two bedrooms, a store room, and a family bathroom, making it well-suited for modern family living. It's important to note that one unit is limited by a Section 106 Agreement regarding its use and occupancy, which potential buyers should examine closely along with the broader planning conditions associated with this site. The plot is part of an overall planning scheme that includes provisions for affordable housing, meaning buyers should be diligent in reviewing all documentation relating to obligations or phasing requirements before proceeding. Additionally, this property is currently lacking utilities such as water and electricity connections, which will require attention during the renovation process. The presence of tree protection orders may also influence development plans.

Investment Analysis

(TR16 area)
Area Average
£320/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -9.7%
5 year growth: +17.6%
Investment Disclaimer: Analysis based on TR16 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

Plot Two, Bell Veor, Lanner
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£531
Based on a loan of £112,500 over 30 years at 3.91% 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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