7 New Road, Port Isaac, Cornwall

Description

A detached property with sea views situated in the sought-after coastal village of Port Isaac, Cornwall. The property requires substantial renovation and refurbishment throughout, presenting an opportunity for developers, investors, or owner-occupiers to create a family home or holiday property. Subject to obtaining the necessary planning consents, the property may also offer scope for further development.

Accommodation

Ground floor: kitchen (2.72m x 3.66m), dining room (3.94m x 3.66m), living room (3.94m x 3.44m), utility room (2.72m x 3.81m), downstairs W.C. First floor: three bedrooms (2.85m x 2.93m; 3.80m x 4.14m; 3.80m x 4.25m), bathroom (1.75m x 2.56m), separate W.C. Externally: detached garage and outbuilding with power.

Location

Situated in the sought-after coastal village of Port Isaac, Cornwall, with sea views. The principal bedroom benefits from dual-aspect sea views.

Tenure / Property Information

Investment Analysis

Recent same-road detached freehold sales were £345,000 in September 2025 and £370,000 in November 2024. A midpoint base GDV of £357,500 is used, with £345,000–£370,000 as the evidence-supported range. Condition differences and substantial refurbishment requirements make this indicative only. The £185,000 guide is before the £1,800 stated buyer and administration charges.

Investment Snapshot

Strategy Recommendation

Investigate as a refurbishment-led owner-occupier or development opportunity only after obtaining a full survey, refurbishment quotations, legal-pack review and planning advice.

Works Required

Substantial renovation and refurbishment throughout, based on the description. Detailed scope and costs require survey, contractor quotations and review of the legal pack. Any further development requires planning consent.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the indicative base GDV would be approximately £268,125. Cash required and potential equity release cannot be assessed until refurbishment costs, finance costs and total acquisition costs are known.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Refurbishment costs are also unknown.

Flip Analysis

The indicative base GDV is £357,500, but flip surplus cannot be calculated because refurbishment costs and selling costs are unsupported.

Investor Risks & Due Diligence

• Substantial renovation and refurbishment requirements may materially affect total project cost.

• Potential further development is subject to obtaining the necessary planning consents.

• No sufficiently specific rental evidence is available, preventing reliable BTL analysis.

• Legal-pack disbursements may become payable and are not quantified.

• Comparable sales provide limited evidence and may differ in condition and specification.

Recommendation

Investigate as a refurbishment-led owner-occupier or development opportunity only after obtaining a full survey, refurbishment quotations, legal-pack review and planning advice.

Strategy Rating

Analysis Confidence

Two recent same-road detached sales support the GDV range, but refurbishment costs, rental evidence, legal-pack disbursements and planning position are unavailable.