Worst House on the Street Logo
Callestick, Truro - Image 1
Callestick, Truro - Image 2
Callestick, Truro - Image 3
Callestick, Truro - Image 4
Callestick, Truro - Image 5

Callestick, Truro

South West

£485,000
Listed on 06/02/2024

Property Details

Bedrooms
2
Type
Detached house
Area
947 sqft

Description

Tanglewood Cottage offers a unique opportunity for renovation or redevelopment, set on nearly an acre of private gardens and grounds. This two-bedroom cottage, located at the end of a long, secluded driveway, is ripe for transformation. The property currently holds planning permission (PA23/04131), granted in September 2023, allowing for the demolition of the existing structure and the construction of a modern four-bedroom house, which will include a self-contained one-bedroom annexe and a double garage. The expansive grounds feature mature landscaping with dense tree-lined borders that enhance privacy. A gently sloping paddock, approximately half an acre in size, provides ample space for recreation or gardening—perfect for families or those looking to create their own outdoor oasis. In terms of location, Tanglewood Cottage is conveniently situated for easy access to Truro and Treliske Hospital, along with nearby amenities in Shortlanesend, just 1½ miles away. Further services can be found in both Perranporth and Truro. Notably, the property's entrance drive is currently accessed from the A30; however, future roadworks will reroute this main road southward. This change promises to offer a quieter setting while keeping much of the garden area well-removed from any traffic noise. The property is equipped with mains electricity as well as private well water and drainage; however, these services have not been tested recently. It's crucial for potential buyers to consider that undertaking the proposed redevelopment will incur a Community Infrastructure Levy (CIL) charge of approximately £17,973.27. Given its desirable location and significant renovation possibilities, Tanglewood Cottage represents a compelling investment opportunity for those looking to create a custom home that leverages both privacy and accessibility in this tranquil setting.

Investment Analysis

(TR4 area)

Above Market Value

This property is priced +47.8% above area average per sq ft

+47.8%
This Property
£512/sq ft
Area Average
£347/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£361,053
10% above area average per sq ft
Potential ROI
-50.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR4)

Area prices are falling by +4.5% over the last 12 months
3 year growth: -8.8%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on TR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Callestick, Truro
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,777
Based on a loan of £363,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE