Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£1,000,000 Guide Price
The Approval:
Approval has been granted to demolish the existing building and construct three townhouses, one apartment, and a ground-floor retail unit. A rare and exciting investment opportunity in the heart of Port Isaac.
The current Site:
Existing Property: Large property 22 rooms (17 are bedrooms), previously used as guest accommodation.
Tenure: Freehold
Parking: Space for up to 8 vehicles
Site Area Circa: 630.00 sq. metres
Viewings: strictly by appointment only
This property presents a unique opportunity to invest in a location that combines the charm of a traditional Cornish village with the potential for modern development.
Prime Location:
Tre-Pol-Pen is set in the heart of Port Isaac, a picturesque fishing village famous for its charming streets, whitewashed cottages, and breath-taking coastal scenery. Known as the filming location for Doc Martin, this thriving village offers an appealing blend of tradition and modern convenience.
Local Amenities: Boutique shops, traditional pubs, cafs, and fresh seafood restaurants.
Michelin-Starred Dining: Just a short walk from the site is Outlaws New Road, a renowned seafood restaurant by chef Nathan Outlaw.
Diverse Cuisine: Beyond seafood, a variety of restaurants and pubs offer alternative dining experiences.
Coastal Walks: Stunning South West Coast Path trails with breath-taking Atlantic Ocean views.
Transport Links:
Road Access:
B3267: Direct link to the B3314.
B3314: Connects to Wadebridge and Camelford.
A39 (Atlantic Highway): Major route connecting North Cornwall to Bude and Wadebridge.
Documents Available Upon Request:
Brochure
Approval & Conditions
Cil Document
GDV and SQM
Local Comparables
Planning Statement
Title Document/Land Registry
(Planning) Floorplans
For Further details contact the land team at Allen Heritage
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
The Property has been saved to your favorites
/ 5
It's quick and easy
