This property presents a compelling opportunity for development in the desirable Rame Cross area of Penryn, conveniently located near Falmouth. With planning permission already in place for five three-bedroom homes, each spanning 85 square meters, this site offers a solid foundation for investment.
The parcels are being sold as freehold, eliminating concerns associated with leasehold properties. Additionally, there are no Section 106 charges applicable, allowing for a more straightforward financial commitment to the project. While Community Infrastructure Levy (CIL) is relevant at £52,258.53, the overall expenditure remains manageable compared to similar developments.
The location itself is a significant asset; Penryn and Falmouth are known for their vibrant communities and accessibility to amenities such as shops, schools, and transport links. This area has seen consistent demand for housing, making it an attractive prospect for future buyers or renters once developed.
Investors can benefit from the potential appreciation in property values in this thriving locale as well as the strong rental market appeal post-construction. The possibility of customizing these homes to meet modern standards further enhances the attractiveness of this venture.
Viewings will be conducted strictly by appointment to discuss the scope of development and any queries about planning permissions or related regulations. Interested parties are encouraged to reach out for more detailed information about this opportunity and how it fits within your investment portfolio.
