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Sunnybank

South West

£550,000
Listed on 25/01/2025

Property Details

Bedrooms
3
Type
Detached house
Area
443 sqft

Description

This charming double-fronted coastal home presents an excellent opportunity for renovation and investment. Perched in an elevated position, the property boasts beautiful views of the surrounding village, enhancing its appeal. The substantial rear garden is a noteworthy feature, offering ample outdoor space that could be transformed into a private oasis. Additionally, there is potential for further use of the site through the existing footprint of a former chalet, allowing for the possibility of a separate building or annexe. Inside, the home features three spacious double bedrooms on the first floor, each with glimpses of the sea, alongside a family bathroom. The ground floor includes large public areas designed for flexibility; a well-appointed sitting room and a separate dining room both feature expansive bay windows that invite natural light. A generous kitchen adjoins a utility room with direct access to the rear garden, complemented by a convenient shower room on this level. Located in Port Isaac, this property is ideally situated within easy reach of local amenities and attractions. The village is famed for its picturesque fishing harbour and winding streets, making it not only a popular holiday destination but also an appealing residential area. Walking distance to several dining options—including two establishments owned by Nathan Outlaw—ensures convenience and variety. For everyday shopping needs, residents can utilize the nearby Co-Op or venture to Wadebridge for more extensive independent shops about eight miles away. Serviced by mains water and electricity with standard drainage arrangements in place, the property offers essential utilities to support future enhancements. With electric night storage heaters already installed, there is potential for updating heating systems to suit modern preferences. The front garden features mature plants that provide some privacy while the spacious rear garden opens up opportunities for landscaping or expansion projects. This home not only invites personal touches through renovation but also holds significant investment potential in one of North Cornwall's cherished locales.

Investment Analysis

(PL29 area)

Above Market Value

This property is priced +123.8% above area average per sq ft

+123.8%
This Property
£1,242/sq ft
Area Average
£555/sq ft

Renovation Potential

Est. Renovation Cost
£55,000 - £137,500
10-25% of property value
Target Value
£270,330
10% above area average per sq ft
Potential ROI
-60.7%
After renovation
Market Turnover
%
Properties sold annually

Local Market Trend (PL29)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on PL29 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

Sunnybank
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