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Residential development for sale
Lamorick Cottage Lamorrick, Lanivet, Bodmin, Cornwall, PL30
£625,000
Lamorick Cottage Lamorrick, 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
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Here is a summary of the property description in a single paragraph:
This rare investment opportunity presents three prime plots in central Cornwall, with planning permission nearing completion. The plans feature two 4-5 bedroom homes and one 3-4 bedroom home, alongside an existing three-bedroom Cornish cottage. The entire property can be acquired for a limited-time price of £625,000, with the cottage estimated to be worth £325,000 after construction, and each plot priced at £100,000, leaving significant margins for profit. The estimated value of each development plot will be around £600,000, depending on finish. The charming cottage, with its traditional Cornish character, features a welcoming dining room, kitchen, lounge with log burner, three bedrooms, and a bathroom, offering a cozy and inviting space that can be transformed into a spacious family home.