0 bed Land (for sale) Development Opportunity, Gusti Veor, Newquay TR8

£800,000
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Humberts - Truro
40 Lemon Street, Truro
01872 703214
First Published

29th Jun 2020

Last Published

10th Sep 2020

 

Features

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

Description

This level site on the northern edge of the current phase of Nansleddan is a great opportunity for a small to medium property developer. Six new, 2-5 bedroom homes designed to be distinct yet complement the existing development have been created in consultation with the Duchy.

The Arts and Craft style properties are of generous proportions and will no doubt be attractive to the market upon completion. The site has an estimated gdv of £2.75M (dependent on finish and quality).

The land surrounding the site is earmarked for future phases of Nansleddan, which will include a new commercial shopping area, parkland and further housing. The site itself sits on the brow of a gentle slope, which should allow the houses to have distant views over the new phases and beyond to Newquay.

Nansleddan itself is a very attractive development on 540 acres which will extend the town boundaries of Newquay. It is being lead by the Duchy of Cornwall and willl evolve to include 4000 new homes, various retail and office spaces on new high streets, play areas and green spaces as well as a new primary school. Construction is under way on the third phase of the develoment, all to the east of the site with ground works commencing on phase 4 which will be to the west.

Planning details of this site are available through the agent or on the Cornwall Council planning portal reference - PA19-10110.


Location


Newquay is considered to be one of Cornwall's most popular holiday resorts, world renowned for the quality of its surrounding surfing beaches together with the spectacular North Cornish coastline. The town provides a comprehensive range of shopping facilities together with amenities to satisfy all banking, schooling and leisure requirements. There is a branch line railway station together with Newquay airport nearby from where there are a number of scheduled domestic and international flights.

 

Local info for TR8

 

Property Value Data/Graphs for TR8

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Detached house 23.9% £571,346 3.9 1.8
Mobile/park home 23.2% £117,533 2.4 1.3
Other 15.5% £62,651 2.3 0
Terraced house 11.6% £160,092 2.4 1.1
Semi-detached house 8.4% £247,108 3.3 2
End terrace house 3.9% £126,667 3.5 2.2
Lodge 3.2% £191,796 2.6 1.2
Bungalow 2.6% £298,750 2.3 1
Land 2.6% £262,500 1.3 0.8
Flat 1.9% £194,983 1.3 1
Semi-detached bungalow 1.3% £412,500 3.5 1.5
Detached bungalow 1.3% £244,975 2.5 1.5
Cottage 0.6% £300,000 2 1

Area Information

Average Price Paid

£309,284

Sales

1390

Current Average Value

£252,468

Value Change

£56,816 22.5%

 

Current Asking Prices in TR8 Average: £252,468

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £237,500 (2) £116,491 (60) £238,159 (49) £372,231 (19) £777,439 (9)
Flats £187,475 (2) £210,000 (1) - - -
All £212,488 (4) £122,214 (63) £233,246 (52) £372,231 (19) £724,695 (10)

Nearby Properties

8 bed Detached house () Truthan, Truro, Cornwall TR4 £2,950,000
4 bed Detached house () Trenance, Mawgan Porth TR8 £2,700,000
4 bed Detached house () Sarahs Lane, Padstow PL28 £2,350,000
0 bed Land () St. Merryn, Padstow PL28 £2,000,000
0 bed Land () St. Merryn, Padstow PL28 £2,000,000
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