3 bed Detached house (for sale) Lamorna Cove, Penzance, Cornwall TR19

£1,450,000
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Knight Frank - Exeter Sales
19 Southernhay East, Exeter
01392 976011
First Published

18th Dec 2020

Last Published

15th Jul 2021

 

Features

  • Type: Detached house
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

The land for sale within the whole, as illustrated on the boundary plan within the brochure, includes the private road leading down into the cove, beach, foreshore to low water mark, private moorings within the harbour, boat launching slipway and harbour wall, kayak and boat storage facility and extensive cliff to the South on the South West coast path. All the commercial interests have run successfully since 1952.

The restaurant/café has 30 inside covers and 80 outside covers on a two level patio overlooking the sea.

Adjoining the restaurant is the gift shop/gallery that has temporarily ceased trading but was generating about £6,000 p.a in rent. Further ancillary buildings are included.

There are two pay and display car parks and further overflow parking for up to 60 spaces, accessible all year round. The parking is currently sub-let and generates about £40,000 p.a. From the 80 spaces in total.

The boat and kayak unit was formerly a small water sport centre when it offered boats, pedalo's and kayaks throughout the summer. This has generated about £5,000 p.a in rent in the past and has temporarily ceased trading. Also included is further retail space that has been used as a diving facility for a diving school in the past.

Also included within the sale is the Lamorna Cove registered trademark.

The two holiday apartments (one bed and two bed) above the café and shop both enjoy frontline coastal waterfront views:

Lookout is a one bedroom apartment comprising an en suite bedroom, kitchen, lounge and patio area. The external spiral staircase leads up-to this romantic hideaway.

Sea View consists of two bedrooms, kitchen, lounge, w.c. And shower. Doors lead out onto a roof garden with magnificent coastal views.

The two holiday let apartments each generate about £12,000 p.a. (net of agent fees) and are let for about 40 weeks p.a with rates between £400 and £1,000 p.w.

Penzance 5 miles • Truro 33 miles (London Paddington from 4 hrs 22 mins) • Newquay Airport 48 miles (London Gatwick 1 hr 10 mins)
(Distances are approximate)

 

Local info for TR19

 

Property Value Data/Graphs for TR19

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Detached house 20.4% £475,821 3.6 1.4
Terraced house 16.9% £283,306 2.6 1
Semi-detached house 14.8% £279,317 2.8 1.2
End terrace house 12.7% £299,056 2.6 1.1
Flat 7.7% £284,768 2.2 1.2
Bungalow 7% £279,200 2.1 1
Land 5.6% £208,750 0.4 0
Barn conversion 4.9% £400,707 3.1 1.4
Detached bungalow 4.2% £354,158 2.8 1
Other 2.1% £463,317 3 1.3
Cottage 2.1% £199,667 2.7 0.7
Semi-detached bungalow 0.7% £290,000 2 1
Maisonette 0.7% £350,000 3 0

Area Information

Average Price Paid

£287,641

Sales

1005

Current Average Value

£330,987

Value Change

£43,346 15.1%

 

Current Asking Prices in TR19 Average: £330,987

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £212,980 (5) £259,661 (36) £350,886 (59) £435,517 (15) £375,000 (2)
Flats £174,500 (5) - £397,492 (6) £225,000 (1) -
All £193,740 (10) £259,661 (36) £358,821 (66) £422,359 (16) £375,000 (2)

Nearby Properties

4 bed Detached house () Pendeen, Penzance, Cornwall TR19 £1,850,000
9 bed Flat () Promenade, Penzance TR18 £1,800,000
6 bed Detached house () Falmouth Place, Carnyorth, St Just, Penzance TR19 £1,500,000
3 bed Detached house () Lamorna Cove, Penzance, Cornwall TR19 £1,450,000
6 bed Detached house () Nancherrow, St. Just, Penzance TR19 £1,250,000
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