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9 Tinners Way

South West

£695,000
Listed on 15/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
764 sqft

Description

This detached bungalow offers a promising opportunity for renovation, ideally situated near the iconic surf beach of Polzeath. Set on a 0.138-acre plot, the property spans approximately 745.3 sq.ft and features a traditional layout that includes a sitting room, two double bedrooms, a shower room, and a kitchen with direct access to a rear garden. The potential for redevelopment or extension is significant, given the spacious nature of the lot in the sought-after Tinners Way cul-de-sac. The accommodation consists of an entrance porch that leads into a hallway, from which you'll find the kitchen opening onto the rear garden. The sitting room is complemented by a fireplace, creating a cozy focal point. Both bedrooms are well-sized doubles, providing ample space for family or guests. Externally, the property boasts a private driveway adjoining a single garage. Expansive front and rear lawned gardens enhance the outdoor space, offering plenty of scope for landscaping or outdoor living enhancements. Located in Polzeath—a highly desirable village known for its beautiful sandy beaches and excellent surfing conditions—the area is also surrounded by opportunities for sailing and water sports at nearby Rock and Daymer Bay. The renowned St Enodoc Golf Club is just a short distance away and features two outstanding 18-hole courses. Polzeath itself offers various dining options including local favorites like TJ’s Surf Café and The Waterfront. For more extensive shopping and gourmet dining experiences, the market town of Wadebridge provides an array of independent shops and restaurants, while popular spots such as Rick Stein’s establishment in Padstow are easily accessible via ferry or water taxi. Investors or those looking to create their dream home will appreciate both the location's appeal and the abundant potential to upgrade or reimagine this property in an idyllic coastal setting.

Investment Analysis

(PL27 area)

Above Market Value

This property is priced +130.4% above area average per sq ft

+130.4%
This Property
£910/sq ft
Area Average
£395/sq ft
Avg Rent (weekly)
£284
Avg Yield
2.6%

Renovation Potential

Est. Renovation Cost
£69,500 - £173,750
10-25% of property value
Target Value
£331,748
10% above area average per sq ft
Potential ROI
-61.8%
After renovation
Monthly Sales
14
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL27)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 7.4%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on PL27 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

9 Tinners Way
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