2 bed Land (for sale) Leverlake Road, Widemouth Bay, Bude EX23

£600,000
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Colwills Estate Agents
32 Queen Street, Bude
01288 358015
First Published

3rd Sep 2020

Last Published

4th Sep 2020

 

Features

  • Type: Land
  • Bedrooms: 2
  • Listing status: sale
  • Country: England

Description

An extremely unique and exciting redevelopment opportunity just a few hundred yards from the coastal paths and the famed surfing beach at Widemouth Bay. This non-standard construction bungalow occupies one the largest plots we've seen in the Bay and is prime for a speculative redevelopment into multiple dwellings (subject to planning permission). The site frontage is mostly along the very sought after Leverlake Road and then turns into Combe Lane and there are garages and established vehicular access from both roads.

The land The land as illustrated by one of the aerial photos edged in red is an extensive parcel that runs mostly along Leverlake Road and then shares corner frontage onto Combe Lane with garaging on either side. There is then a further are of land that extends to the rear and is tucked away behind neighbouring homes.

The two vehicular access points would aid a planning application and mains water, drainage and electricity are all either on site or nearby.

Planning potential We, the selling agents, believe there is clear planning potential for this non-standard construction bungalow to be demolished and the site reconfigured to take multiple dwellings. Some block plan ideas have been discussed and a scheme could range between 2 - 4 contemporary new homes in this prime coastal position. Cil payment would be liable but there would be a credit for the established foot print and the respective garaging and residential buildings. Colwills Estate Agents have an unprecedented reputation for successful selling results in the Bay and we are happy to work with the successful purchaser to maximise the sites re-sale potential.

Existing bungalow The selling agents do not have access to the existing bungalow and we are not marketing this as a home or refurbishment project. We anticipate Cash buyers only due to the lack of mortgagability and that it is a redevelopment site.

Services Mains water, drainage and electricity are all on site or nearby. There is no gas in the Bay.

Tenure Freehold

local authority The local planning authority is Cornwall County Council.

 

Local info for EX23

Floor plan

 

Property Value Data/Graphs for EX23

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Detached house 25.2% £481,858 4.3 1.9
Flat 17.1% £230,685 1.7 0.7
Semi-detached house 11.4% £303,010 3.2 1.3
Bungalow 9.5% £305,153 2.7 1.3
Terraced house 7.1% £212,453 2.3 1.1
Detached bungalow 5.7% £329,579 3.2 2.1
Land 5.7% £215,583 0.9 0.8
Other 5.2% £296,816 2.5 0.5
Mobile/park home 3.3% £82,140 2 1.3
End terrace house 2.4% £265,600 3.4 1
Terraced bungalow 1.4% £136,650 1 1
Link-detached house 1% £255,000 3 1
Cottage 1% £485,000 3 1
Barn conversion 1% £547,475 4 2.5
Lodge 1% £64,995 0 0
Maisonette 0.5% £165,000 1 1
Chalet 0.5% £32,000 2 1
Farm 0.5% £1,800,000 5 1
Studio 0.5% £1,200,000 0 0

Area Information

Average Price Paid

£289,863

Sales

1986

Current Average Value

£325,843

Value Change

£35,980 12.4%

 

Current Asking Prices in EX23 Average: £325,843

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £155,707 (7) £175,951 (28) £301,444 (66) £424,191 (32) £524,990 (10)
Flats £193,524 (17) £247,172 (16) £306,250 (4) - -
All £182,494 (24) £201,849 (44) £299,230 (71) £425,710 (34) £640,900 (11)

Nearby Properties

4 bed Farm () Holsworthy EX22 £5,750,000
5 bed Detached house () Tregeare Estate, Launceston, Cornwall PL15 £4,500,000
0 bed Farm () Stibb, Bude EX23 £3,750,000
4 bed Farm () Holsworthy EX22 £3,500,000
4 bed Detached house () Lesnewth, Boscastle, Cornwall PL35 £1,750,000
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