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 %
- Average area rental value
- 1,550.00 £/moIncreased by 31.91 %
- Est rental Yield
- 4.89 %Increased by 43.40 %
- Crime Rate
- 25.00 %Unchanged by 0.00 %
Agent Activity
Allen Heritage created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Hilary School | Academy Converter | Good | 1.63 KM |
| Germoe Community Primary School | Foundation School | Good | 4.68 KM |
| Marazion School | Foundation School | Good | 4.89 KM |
| St Erth Community Primary School | Academy Converter | Good | 5.63 KM |
| St Piran'S School (Gb) Ltd | Other Independent School | 6.88 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Heather Way | £ 395,000 | 0 | 0.00 KM |
| Belvedere Lane | £ 345,000 | 0 | 0.00 KM |
| The Avenue | £ 725,000 | 0 | 0.00 KM |
| Meadow View | £ 365,000 | 0 | 0.00 KM |
| Primrose Close | £ 365,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| St Erth | 3537 | SER | 6.46 KM |
| Lelant Saltings | 3498 | LTS | 7.21 KM |
| Hayle | 3513 | HYL | 7.65 KM |
| Lelant | 3539 | LEL | 7.66 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Penzance, Cornwall, Development Opportunity | £ 430,000 | BUY | 6 / 10 | 0.00 KM |
| Trevean Way, Rosudgeon TR20 | £ 575,000 | BUY | 7 / 10 | 0.07 KM |
| Trevean Way, Rosudgeon, Penzance, Cornwall | £ 485,000 | BUY | Unknown | 0.07 KM |
| Rosudgeon, Penzance, Cornwall, TR20 | £ 700,000 | BUY | 8 / 10 | 0.10 KM |
| Wheal Georgia, Rosudgeon | £ 799,950 | BUY | 7 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Trevean Way | £ 195,000 | 0.07 KM |
| Lowarva | £ 249,000 | 0.07 KM |
| Mordros | £ 300,000 | 0.07 KM |
| Glenfield | £ 265,000 | 0.07 KM |
| 2 Strawberry Fields | £ 267,500 | 0.28 KM |