FAIRWAY LODGE, 8 OAKRIDGE, CORNWALL PL12 6UY, UK
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Property type: ?
Year built: ?
Total Plot Size: ?
Total Inside Area: ?
Last Sold: APR 2018
What can it be sold for now?
AI think: £187,954
Users think: N/A
Agents think: £220,000 1 agent(s) valuations found
HPI banks think: £182,575
Scott Parry Associates Agent Valuation of this property is £220,000
A detached holiday lodge in an exclusive development adjacent to St. Mellion International Golf Resort. About 906 sq ft, O/P Living Room/Kitchen, 2 bedrooms (Both en-suite), Balcony and Patios, Communal Parking, Holiday Restriction, Successfully Holiday Let.
Cargreen yacht club 5 miles, saltash (A38) 6 miles, plymouth 12 miles, whitsand bay 14 miles A detached holiday lodge in an exclusive development adjacent to St. Mellion International Golf Resort. About 906 sq ft, 24' O/P Living Room/Kitchen, 2 Bedrooms (Both en-suite), Balcony and Patios, Communal Parking, Holiday Restriction, Successfully Holiday Let.
Location The development of Oakridge lies in a sheltered valley on the southern edge of St Mellion Golf Course not visible from the public highway, and surrounded by open country and with direct access to the Golf Resort, despite the golf location this setting also appeals to nature lovers and lies in close proximity to the Tamar Valley aonb and historic properties including Pentillie Castle and Cotehele House.
This appealing and unusual setting comprises 20 lodges developed on a green field site about a mile from the villages of St Mellion and Pillaton, in the beautiful rolling countryside of South East Cornwall. Accessibility is good with the A388 Callington to Saltash road within a mile of the property giving quick access to the A38 & Plymouth. The upper floor of the house has been designed to take advantage of the views over the beautiful woodland and surrounding countryside.
Description This detached lodge style house is presented to a superb contemporary standard and is designed with reverse level accommodation, allowing the upper level the advantage of fine views over the beautiful wooded valley. The property is of interesting architectural appeal and is ideally suited to investors and those seeking a rural retreat with the ability to enjoy the facilities that the adjacent 4 Star St Mellion International Golf Resort offers, including its highly popular restaurant, leisure and spa facilities. The planning restriction limits the use of the property to use as a 'non principal residence'.
The main feature of the house is the open plan principal living room with partially vaulted ceiling, open fireplace and French doors leading onto the balcony with fine views. The property was constructed in 1998. The occupancy is limited to the following use "the lodge shall be used for holiday purposes only and should not be used as the main residence for any person", we understand that there is no restriction on length of stay.
Holiday letting 8 Oakridge is used by our clients as an investment property and for private holidays. Currently successfully let through and AirBNB achieving an occupancy rate of about 52% and a gross income in the region of £19,000
The property will be sold fully furnished and equipped allowing its ongoing use as a second home or holiday let.
Golf and leisure The clients currently have an arrangement with the St Mellion Resort and are paying about £3695.70 per annum for 2 x golf and leisure memberships for the guests to use.
Outside The landscaped grounds are communally maintained. To the rear, and accessed directly from the kitchen area, is a decked patio/barbeque area. There is ample communal parking.
Tenure Leasehold. The property is held on a 999 year lease from June 1998. The freehold of the development is owned by osm Limited with each property owner having 1 of 20 shares in osm Limited. The current service charge is £1800 per annum which includes TV licence, window cleaning, ground maintenance, building insurance, sewerage and ground rent. The present owners do not pay rates on the property due to rate relief.
EPC rating - D (expired)
directions Using Postcode PL12 6UY - the property will be found in block of four.