Plot for sale

£700,000

Floorplan


An excellent sized well-spaced site, set over 2.8 acres, with mixed planning for up to 18 homes, the planning has been split into two parts with full permission granted for the initial 13 and a later application for an additional 5 receiving permission in principle in March 2025.

DESCRIPTION
An excellent sized well-spaced site with mixed planning for up to 18 homes, with 5 open market dwellings and 8 affordable, (currently split 5 affordable rental and 3 Registered Provider Shared Ownership). The planning has been split into two parts with full permission granted for the initial 13 and a later application for an additional 5 receiving permission on principle in March 2025. Given the sites close proximity to the coast, spectacular sea views are afforded surrounded by an area of outstanding natural beauty beside rolling countryside.

The site extends to approximately 2.8 acres and is gently sloping from an elevated position in the village. The access will be through the existing West Beckon Close via an adopted road. Given the rarity of new developments in the area, high demand is expected for the completed properties. All relevant and supporting documentation pertaining to the planning permission can be found on the Cornwall Planning Portal at cornwall.gov.uk

LOCATION
The site enjoys spectacular sea views towards Lundy Island and surrounding Cornish coastline and rolling countryside. The site is within easy access to local beauty spots including Duckpool, Stanbury Mouth, Marsland Mouth and Welcombe Mouth. The village of Shop in which the site is located has an established community with village hall and sports facilities, convenience store and caf, The Bush Inn and Rectory Tea Rooms less than a mile away.

The A39 Atlantic Highway is approximately 2.5 miles distant providing easy access to the North Devon link road and the M5 motorway network beyond. The busy self-contained village of Kilkhampton is just 6 miles South with wide range of facilities and Primary School. The North Cornish Coastal resort of Bude with its safe sandy surfing beaches is just 10 miles from the site.

Bude offers a wide variety of everyday amenities, and leisure facilities including infant, junior and comprehensive schools, 18 hole golf course, indoor and outdoor swimming pools, leisure and sports complex with adjacent bowling arena, surfing, horse riding, bowls, squash and tennis courts also the popular sandy beaches and rugged coastline are nearby.

The proximity to the A39 gives access to the large towns of Bideford and Barnstaple to the North and South further down into Cornwall. Inland at Launceston, access is gained onto the main A30 trunk road to Exeter, the M5 and beyond.

PLANNING PERMISSION
Detailed planning permission was granted on 18th December 2018. Cornwall County Council application number PA17/08555. Under planning notice PA21/06541 a further submission of details to Discharge Conditions 3, 4, 5, 6, 7 and 8 in respect of Decision Notice PA17/08555 dated 19th December 2018.

Permission in principle has been obtained on an additional 5 open market dwellings which would feature a cul-du-sac of executive style bedroom homes. The application can be found under PA25/00943 dated 22 March 2025.

ARCHITECT
The architect for the project Mr Barry Tape of
BkT Architecture
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EDUCATION CONTRIBUTION
Education Contribution' means the sum of 2,736 per Qualifying Dwelling increased by the Percentage towards the provision of additional Education Facilities required as a consequence of the Development. Approximately 13,680. This calculation is on the original 13 dwellings and therefore an additional amount may be applicable on the secondary planning stage.

COMMUNITY INFRASTRUCTURE LEVY
Please note that the proposed development set out in this application will NOT be liable for a charge under the Community Infrastructure Levy (CIL) Regulations 2010 (as amended). Further information about CIL is available at

VIEWINGS
Please ring to view this property and check availability before incurring travel time/costs. All viewings are strictly by appointment only.

RETAINED RIGHT OF WAY
The seller wishes to retain a right of way through the site for a potential future development link into the remainder of the field.

LAND PLAN
The land plan displayed is for indicative purposes only and should not be relied upon as an accurate depiction of precise boundaries.

AGENTS NOTE
The planning approval and conditions allows for the foul water and surface water to connect into the main sewer in the filed below (also owned by the vendor). However, the architect advises it maybe more cost efficient for the purchaser to apply for a Sewer Requisition through South West Water, who will allow a connection to be made into the closed connection in the last phase of the Cornwall Rural Housing Site.

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. 3. Any mentions of associated fees, terms, conditions or charges must be checked independently prior to purchase.

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 580200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 17500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 55200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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Notes

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