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£850,000
A rare opportunity to purchase a development site for 6 open market dwellings on one of the most sought-after roads in Bude.
A rare opportunity to purchase a development site for 6 open market dwellings on one of the most sought-after roads in Bude. Reserved matters planning has been given for the construction of four new 3 and 4 bedroom, detached dwellings, and the renovation of the original school building into a pair of semidetached, 4 bedroom homes.
The site current features a range of additional buildings, which would need to be demolished to make way for the new properties, and an area of front and rear gardens.
Due to the popular location and scarcity of new properties on this road there is expected to be strong demand for the finished homes with healthy GDV once completed (estimated values available on request).
LOCATION
Arguably the most sought-after residential street within the town, Ocean View Road is within walking distance of popular sandy beaches, stunning coastal walks, public houses, restaurants and the towns 18-hole links golf course.
Bude town centre is within easy distance and offers a wide range of commercial, education and recreational facilities including primary and secondary schools, range of independent and national shopping outlets and supermarkets.
The A39 Atlantic Highway is around 1 mile away and provides excellent road access north to the larger towns of Bideford and Barnstaple. Barnstaple offers modern shopping stores, theatre, hospital, technical college and access via the North Devon link road to the M5.
TENURE
Full freehold title is available.
LOCAL AUTHORITY
Cornwall County Council
AGENTS NOTE
The site offered for sale is for the first 6 dwellings as laid out in the Phased site plan found under the planning documents as - PHASE_PLAN-8569478
PLANNING
Planning consent was granted by Cornwall Council under cover of application number PA24/08183 28th March 2025. Residential development comprising 7 open market dwellings and access with all matters reserved. The architect who assisted the application was James Trewin of Trewin Architects, 1 Stanhope Square, Holsworthy, EX22 6DR.
The site is not elected for any on or off-site contributions during the build however it is specified that none of the properties are to be occupied until parking for the preschool and road access have been completed and signed off.
COMMUNITY INFRASTRUCTURE LEVY
Please note that the proposed development set out in this application may be liable for a charge under the Community Infrastructure Levy (CIL) Regulations 2010 (as amended). The amount of the liability will be calculated when the related reserved matters application is determined. Further information about CIL is available at
CONTRIBUTIONS
We have been advised that there are no, on or off-site contributions in relation to this development. However, we would advise that this is verified by yourselves or legal advisor.
SERVICES
There are mains utility services located in the vicinity, however prospective purchasers must verify availability for any mains services required and the costs of connection of such services, for themselves.
WHAT3WORDS LOCATION
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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.
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
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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