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Church Lane, St. Ives TR26

South West

£589,000
Listed on 03/08/2024

Property Details

Bedrooms
2
Type
Detached house
Area
1065 sqft

Description

This two-bedroom bungalow presents a noteworthy opportunity for renovation enthusiasts or investors seeking to unlock its full potential. Nestled along a private road opposite the scenic West Cornwall Golf Course, the property offers a tranquil setting while benefiting from access to local amenities. The bungalow is set on good-sized grounds that border open fields, providing ample space for outdoor activities and gardening. The driveway accommodates several vehicles and leads to a garage that can serve as additional parking or storage. Inside, the layout features a welcoming entrance hallway that connects various living areas, including a spacious kitchen equipped with essential appliances and generous counter space. The kitchen flows seamlessly into an expansive lounge and dining area, where large floor-to-ceiling windows invite abundant natural light. This design creates an inviting atmosphere, ideal for both relaxation and entertaining. A conservatory extends from the main living area, offering a versatile space that could be enhanced further. While the interior is functional, it requires updating, allowing new owners to personalize and improve the home according to their vision. The bedrooms are generously sized; the master boasts dual-aspect windows with built-in storage solutions, enhancing functionality. A well-appointed shower room and separate cloakroom ensure convenience for daily living. Outside, the extensive garden wraps around the property and features a patio area adjacent to the conservatory—a perfect spot for outdoor dining or leisure. Mature hedging provides privacy as well as potential landscaping opportunities. Additionally, there's designated space for a small allotment or greenhouse at the rear of the garden. With no onward chain, this property offers immediate availability for those looking to invest in renovations or extensions (subject to necessary consents). The location benefits from low flood risk and is free of any restrictive covenants, making it easier to explore development possibilities. In summary, this bungalow represents an excellent canvas for those keen on realizing its renovation potential in a desirable area.

Investment Analysis

(TR26 area)

Above Market Value

This property is priced +17.7% above area average per sq ft

+17.7%
This Property
£553/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£262
Avg Yield
2.8%

Renovation Potential

Est. Renovation Cost
£58,900 - £147,250
10-25% of property value
Target Value
£550,488
10% above area average per sq ft
Potential ROI
-25.2%
After renovation
Monthly Sales
15
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR26)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -7.6%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on TR26 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

Church Lane, St. Ives TR26
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