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£165,000 Guide Price
Planning permission has been granted for a contemporary three-bedroom detached home. All pre-commencement conditions have been satisfied, including the full site set-out for tree preservation (TPO) and root protection zones (RPZ).
Accessed via Old Drovers Way, the plot lies within the former walled gardens of Stratton Manor, creating a rare opportunity to create a bespoke property in one of Strattons most peaceful and sought-after locations. The site is fully serviced, with electricity, water, BT ducting and a mains-connected private sewage pump station already installed.
Planning permission has been granted for a contemporary three-bedroom detached home, as well as additional consent for a one-bedroom cabin-style dwelling if desired. All pre-commencement conditions have been satisfied, including the full site set-out for tree preservation (TPO) and root protection zones (RPZ), eliminating the typical pre-build delays and enabling immediate commencement.
Most purchasers are likely to focus on building the approved three-bedroom dwelling, as the plot offers substantial long-term residential value. However, the approved cabin presents an opportunity for holiday rental income or a cost-effective build. Potential applicants may also explore modular design-led alternatives, such as a Koto-style cabin (subject to planning), to fast-track a return on investment or create a compact, design-led coastal retreat.
LOCATION
Located just off Old Drovers Way, the plot enjoys a highly desirable location, within easy walking distance of the charming and historic market town of Stratton. The area offers a variety of essential amenities, including a post office, pubs, hospital and a range of community services.
The thriving coastal town of Bude lies just five miles to the west, renowned for its sandy beaches, excellent surfing, extensive shopping, highly rated schools and wide choice of leisure activities, including an 18-hole links golf course. The surrounding coastline, designated an Area of Outstanding Natural Beauty, offers breathtaking clifftop walks, water sports and outdoor pursuits.
For broader amenities and travel connections, the bustling market town of Holsworthy is approximately 10 miles inland, while Bideford, around 28 miles to the northeast, provides further shopping facilities and access to the A39 North Devon Link Road. The town of Okehampton, on the edge of Dartmoor National Park and approximately 30 miles away, offers access to the A30 dual carriageway leading to Exeter with an international airport and access to the M5 motorway network.
APPROVED PLANS
The approved plans propose a contemporary two-story home set within a mature, tree-lined plot with parking for two vehicles. Once complete, the property will feature an entrance hall, sitting room, open-plan kitchen/dining room, utility room, WC, plant room, three well-proportioned bedrooms (including a principal bedroom with en-suite) and a family bathroom.
PLANNING PERMISSION
Conditional planning permission was granted by Cornwall Council on 17th August 2023 (Ref: PA23/04161) for the construction of a dwelling, representing a revised design to the previously approved scheme under application PA18/07303.
CIL LEVY
Please note that a Community Infrastructure Levy (CIL) liability of 19,089.02 applies to the development, payable by the developer. However, we understand that self-builders intending to occupy the property as their main residence for a minimum of three years may be eligible for a full exemption.
Interested parties are strongly advised to seek confirmation of eligibility and the application process directly from Cornwall Council.
SITE PLAN
For information purposes only - not to scale.
TENURE
Freehold
LOCAL AUTHORITY
Cornwall Council
SERVICES
Electricity and BT ducting, along with the water pipe, have already been installed to the site, with connections available upon payment of the relevant fees by the purchaser. A private sewage pump station is in place and connected to the mains.
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DIRECTIONS
From Bude town centre, head east along Stratton Road. At the A39, turn left towards Bideford and continue for around mile. Turn right onto the A3072, signposted Holsworthy. Continue downhill into the village, then turn left by the Kings Arms. Drive uphill and take the right turn opposite the post office onto Diddies Road. After approximately mile, turn right onto Old Drovers Way, where the plot will be located on the left, behind Stratton Manor.
AGENTS NOTE
Please note this is a CGI Visual showing the projected development.
VIEWINGS
Please ring to view this property and check availability before incurring travel time/costs. FULL DETAILS OF ALL OUR PROPERTIES ARE AVAILABLE ON OUR WEBSITE
EASEMENTS, WAYLEAVES & RIGHTS OF WAY
The property is offered for sale, subject to and with the benefit of all matters contained in or referred to in the Property and Charges Register of the registered title together with all public or private rights of way, wayleaves, easements and other rights of way, which cross the property.
BOUNDARIES
Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendors agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as to the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the vendors agent whose decision acting as experts shall be final.
IMPORTANT NOTICE
Kivells, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Kivells have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
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.
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