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Residential development for sale

Lamorrick Development , Lanivet, Bodmin, Cornwall, PL30
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Residential development
3 beds
Added < 14 days

Features and description

  • Tenure: Freehold
  • Three individual detached plots available ( Two 4/5 bedroom and one 3/4 bedroom )
  • Character cottage with three large doubles
  • Full approval pending
  • Potential to be made into a lovely family home
  • Fantastic return on investments
  • Estimated credit value substantially below market value
  • Planning permission in the final stages
  • Central Cornwall location
  • Rural village lifestyle
  • Separate access for the cottage and development properties

You have arrived at a once in a life time property opportunity that can't be missed. If you are interested in making a fantastic return on your investments, then please read on.

You have the opportunity to acquire three prime plots in central Cornwall, with planning permission in the final stages. The plans feature two 4-5 bedroom homes and one 3-4 bedroom home, alongside an already established three-bedroom Cornish cottage. All this is available for a limited-time price of £625,000. The cottage will have an estimated Value of £325,000 after construction of the plots, with each plot being priced at £100,000 each leaving vast margins for profit. The estimated value of each development plot will be in the region of £600,000 per property, depending on finish.

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.

The charming, traditional Cornish cottage brims with character and offers a variety of inviting spaces. On the ground floor, a welcoming dining room sets the tone, complemented by a convenient downstairs cloakroom/utility and a spacious kitchen. At the heart of the home lies a cosy lounge with classic appeal, enhanced by a log burner that fills the space with warmth and light, creating a delightful ambiance. Upstairs, the property features three generously sized bedrooms, including a master suite beautifully complemented by an ensuite. A good-sized bathroom across the hall offers further potential for enhancement. With its proposed separate entrance and private driveway, this cottage provides both privacy and versatility, presenting an excellent opportunity to transform it into a spacious and enchanting family home.





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About this agent

The Property Shop - Bodmin
The Property Shop - Bodmin
46-48 Fore Street Bodmin PL31 2HL
01208 245970
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Established in 1992 The Property Shop is one of the main Estate and Letting Agents in Mid Cornwall. We are a local firm with Cornish roots. We pride ourselves on exceptional levels of service to all of our clients. We have a depth of knowledge and experience that we feel is unsurpassed in this area. Our landmark Head Office in Bodmin deals with all areas of Mid Cornwall. Our second branch is in a prime position in the ancient stannary town of Lostwithiel. Headed by Cornish born and bred Director Ritchie Bartlett, all members of staff give professional, honest and friendly advice in all aspects of the property world.
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