0 bed (for sale) The Strand, Bude, Cornwall EX23

£3,500,000
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Savills - Exeter
17 Dix’s Field, Exeter
01392 976212
First Published

1st Jul 2021

Last Published

16th Sep 2021

 

Features

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

Description

Residential Investment Opportunity

Location

Bude is a popular seaside town situated on the north Cornish coast. The town offers a variety of local services and amenities including two primary schools, a secondary school and number of supermarkets. There are also a range of sandy beaches including Summerleaze Beach, which is a popular destination for tourists and surfers.
The town is well connected. Main road communication is via the A39 which connects towards Barnstaple and the North Devon coast in the north east and towards Wadebridge and southern Cornwall in the south west. Local bus services also run to Exeter, Plymouth and Okehampton as well as destinations on the outskirts of the town.
The subject property is located in the heart of Bude's bustling town centre. It is situated just off The Strand, adjacent to the River Neet and is within close proximity to a variety of local restaurants, independent shops and Summerleaze Beach.

Description

The site is irregular in shape and extends to 0.2 ha (0.55 acres). The property was built in 2008 and comprises two separate blocks arranged as a courtyard, overlooking a central square.
There are 23no. Units in total which include 1-3 bedroom apartments and 2-4 bedroom townhouses. The smallest block, situated to the south west of the site, comprises 4no. 1 bed apartments on the ground floor and 4no. 3 bed duplex apartments on the first and second floors. The larger block, situated to the north and west of the site, is built over 3 storeys and comprises 3 x 1 bed apartments, 2 x 2 bed apartments, 2 x 2 bed duplex apartments, 1 x 2 bed town house, 3 x 3 bed town houses and 4 x 4 bed town houses. One of the 1 bedroom apartments is currently used by the caretaker.
The apartments vary in size from 37 sq m (398 sq ft) for a 1 bed to 75 sq m (807 sq ft) for a 3 bed and the town houses range from 68 sq m (732 sq ft) for a 2 bed to 134 sq m (1442 sq ft) for a 4 bed. All of the units benefit from an allocated parking space in the underground car park.

Acreage: 0.55 Acres

 

Local info for EX23

Floor plan

 

Property Value Data/Graphs for EX23

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 18.6% £417,930 2.1 1.8
Detached house 17.8% £1,010,188 6.9 4.1
Semi-detached house 13.6% £302,728 2.9 1.3
Other 10.2% £506,961 1.9 0
Bungalow 6.8% £426,119 3 1.3
Terraced house 6.8% £318,119 2.9 1.4
Town house 5.9% £412,857 2.7 2
Detached bungalow 5.1% £500,833 3 1.5
Land 5.1% £303,283 0.7 0.3
End terrace house 3.4% £296,225 2.8 1.3
Cottage 3.4% £252,500 2.3 1.5
Chalet 0.8% £450,000 3 1
Mobile/park home 0.8% £130,000 2 2
Country house 0.8% £1,750,000 0 0
Lodge 0.8% £245,000 3 2

Area Information

Average Price Paid

£327,882

Sales

1887

Current Average Value

£506,560

Value Change

£178,678 54.5%

 

Current Asking Prices in EX23 Average: £506,560

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £164,000 (3) £199,192 (20) £374,404 (40) £501,282 (14) £1,031,250 (4)
Flats £230,900 (5) £467,496 (14) £275,000 (1) - £325,000 (1)
All £205,813 (8) £309,670 (34) £368,956 (42) £511,197 (15) £890,000 (5)

Nearby Properties

4 bed Farm () Whitstone, Holsworthy EX22 £4,300,000
0 bed () The Strand, Bude, Cornwall EX23 £3,500,000
53 bed Detached house () The Strand, Bude EX23 £3,500,000
10 bed Detached house () Launcells, Bude, Cornwall EX23 £2,750,000
10 bed Detached house () Launcells, Bude, Cornwall EX23 £2,750,000
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