Penzance, Cornwall, Development Opportunity
AL

Penzance, Cornwall, Development Opportunity

By Allen Heritage

£ 430,000

Reviews

3 out of 5 stars

Allen Heritage says ..

Planning permission approved to construct two impressively designed detached homes set within an "Area of Outstanding Natural Beauty".

Property Oracle says ..

This listing presents a development opportunity in Penzance, Cornwall, for constructing two detached homes. Planning permission has already been obtained, reducing some of the risks typically associated with such ventures. The location in Long Rock, close to Marazion and St Erth, offers access to coastal amenities and transport links. Images show that the land is currently undeveloped but large enough to accommodate the planned homes. The presence of nearby schools adds to the appeal, particularly for families. The asking price of £430,000 appears relatively reasonable compared to nearby properties, but the absence of precise square footage makes a definitive evaluation challenging. Potential buyers should conduct thorough due diligence, including cost estimations for building and infrastructure, as well as in-depth market research to refine their investment strategy. The current state of the land does suggest some level of additional expenditure related to site preparation before construction. Overall, this is an attractive development opportunity, particularly for investors aiming to build and sell in the highly desirable Cornish property market, provided sufficient due diligence is undertaken.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
380,500.00 £
Decreased by 7.95 %
from 413,363.00 £
Average area rental value
1,550.00 £/mo
Increased by 31.91 %
from 1,175.00 £/mo
Est rental Yield
4.89 %
Increased by 43.40 %
from 3.41 %
Crime Rate
25.00 %
Unchanged by 0.00 %
from 25.00 %

Agent Activity

  • Allen Heritage created the listing.

Nearby Schools

NameTypeOfstedDistance
St Hilary SchoolAcademy ConverterGood1.63 KM
Germoe Community Primary SchoolFoundation SchoolGood4.68 KM
Marazion SchoolFoundation SchoolGood4.89 KM
St Erth Community Primary SchoolAcademy ConverterGood5.63 KM
St Piran'S School (Gb) LtdOther Independent School6.88 KM

Images

Front CGI Rear CGI Site View Site View Plan Site View Site From Road

Nearby Streets

NameAverage PriceAverage SqftDistance
Heather Way £ 395,00000.00 KM
Belvedere Lane £ 345,00000.00 KM
The Avenue £ 725,00000.00 KM
Meadow View £ 365,00000.00 KM
Primrose Close £ 365,00000.00 KM

Nearby Transport

NameNLCTLCDistance
St Erth3537SER6.46 KM
Lelant Saltings3498LTS7.21 KM
Hayle3513HYL7.65 KM
Lelant3539LEL7.66 KM

Nearby Listings

AddressPriceTypeScoreDistance
Penzance, Cornwall, Development Opportunity £ 430,000BUY6 / 100.00 KM
Trevean Way, Rosudgeon TR20 £ 575,000BUY7 / 100.07 KM
Trevean Way, Rosudgeon, Penzance, Cornwall £ 485,000BUYUnknown0.07 KM
Rosudgeon, Penzance, Cornwall, TR20 £ 700,000BUY8 / 100.10 KM
Wheal Georgia, Rosudgeon £ 799,950BUY7 / 100.10 KM

Nearby Properties

AddressPriceDistance
6 Trevean Way £ 195,0000.07 KM
Lowarva £ 249,0000.07 KM
Mordros £ 300,0000.07 KM
Glenfield £ 265,0000.07 KM
2 Strawberry Fields £ 267,5000.28 KM