3 bed cottage

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3 bed cottage

Lamorrick Development, Lanivet, Bodmin, Cornwall PL30
£625,000

Our Summary

  • You have the opportunity to acquire three prime plots in central Cornwall, with planning permission in the final stages
  • With a guide estimated credit value substantially below market value this really appeals to a developer or builder looking for a good return on their investment
  • Once the final stages of planning have been confirmed and full planning approved the property price will be revalued significantly over current asking price, so offers are encouraged
  • A good-sized bathroom across the hall offers further potential for enhancement

Description

This is a unique investment opportunity to acquire three prime plots in central Cornwall, with planning permission in the final stages, for a limited-time price of £625,000. The plots feature two 4-5 bedroom homes and one 3-4 bedroom home, alongside an already established three-bedroom Cornish cottage, which has an estimated value of £325,000 after construction. The plots are priced at £100,000 each, leaving vast margins for profit, with the estimated value of each development plot being around £600,000 per property, depending on finish. The charming cottage, with its traditional character, offers a welcoming dining room, kitchen, lounge, three bedrooms, and a bathroom, providing an excellent opportunity to transform it into a spacious and enchanting family home. With the guide estimated credit value substantially below market value, this is a great opportunity for a developer or builder to make a good return on their investment.
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