0 bed Land (for sale) Esplanade Road, Newquay, Cornwall TR7

£1,400,000
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Humberts - Truro
40 Lemon Street, Truro
01872 703937
First Published

22nd Aug 2018

Last Published

18th Oct 2018

 

Features

  • Type: Land
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Waterside development plot overlooking fistral beach – an incredibly rare opportunity to acquire an existing block of 5 flats with a history of now lapsed planning permission for additional development.

This is a unique opportunity to acquire an incredible waterside development plot within walking distance of Fistral Beach. Located on Esplanade Road towards the Pentire Headland of Newquay, this plot of approximately 0.23 acres (0.09 hectares) with uninterrupted sea views is an extremely rare find. Commanding arguably one of the finest positons in the town, the immediate outlook to the famous surfing waters of Fistral Bay and far beyond to Trevose lighthouse offer breath-taking and ever changing views.


Planning history


Now lapsed - previously planning permission (Ref.05/00630) was granted for the erection of a new building to contain 5 holiday use apartments to the rear of the existing property at 14 Esplanade Road. Further permission (Ref.10/00427) was granted for an extension of time of (Ref.05/00630). Then a subsequent grant of conditional planning for Removal of condition 4 of planning application Ref. 10/00427 (The holiday flats shall be occupied as holiday accommodation only).


Existing property


The current property of approximately 4900 consists of five flats over three floors, ranging between 2-4 bedrooms. There is a total gross income of approximately £48,000 per annum.


Services


The property benefits from mains gas, electricity, water and drainage.


Surrounding areas


Esplanade Road is at the heart of one of the most sought after tourist destinations in the South West. Newquay offers a choice of beaches, but Fistral Beach, known worldwide by surfers is within approximately 200 yards walk of the property. With the likes of celebrity chef Rick Stein’s restaurant, Headland Hotel & Spa and Newquay Golf Club all within walking distance, Fistral Bay has a lot to offer. Newquay International Airport is accessible within 8 miles.

 

Local info for TR7

 

Property Value Data/Graphs for TR7

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 43.8% £202,685 1.7 1.3
Semi-detached house 15.1% £272,582 3.2 1.1
Detached house 11% £394,970 4.2 2.6
Terraced house 7.3% £213,063 3 1
Detached bungalow 5% £286,547 3 1.3
End terrace house 4.4% £246,411 3.6 1.4
Bungalow 4.1% £286,146 2.9 1.5
Other 3.8% £226,221 2.1 1.1
Maisonette 1.6% £210,000 2.6 1.2
Semi-detached bungalow 0.9% £226,650 1.7 1
Town house 0.9% £331,650 4.3 1.7
Cottage 0.9% £345,000 3 1.3
Link-detached house 0.6% £215,000 3 1
Land 0.3% £100,000 0 0

Area Information

Average Price Paid

£241,642

Sales

3167

Current Average Value

£248,393

Value Change

£6,751 2.8%

 

Current Asking Prices in TR7 Average: £248,393

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £177,089 (9) £221,979 (36) £275,334 (65) £342,130 (43) £335,444 (9)
Flats £118,108 (52) £226,168 (77) £322,827 (13) £735,000 (2) -
All £126,810 (61) £224,833 (113) £283,249 (78) £359,591 (45) £335,444 (9)

Nearby Properties

2 bed Flat () Bownder Marhaus, Newquay, Cornwall TR7 £55,125
5 bed Detached house () West Pentire Road, Crantock, Newquay TR8 £650,000
2 bed Bungalow () St Merryn Holiday Park, St Merryn, Padstow PL28 £149,995
3 bed Semi-detached house () Nr Padstow, Wadebridge, Cornwall PL27 £325,000
3 bed Bungalow () St Merryn, Padstow, Cornwall PL28 £75,000
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