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Millpond Avenue, Hayle TR27

South West

£1,495,000
Listed on 03/06/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3567 sqft

Description

This Grade II listed Georgian home represents a remarkable opportunity for renovation and investment in West Cornwall. Constructed in the early 1800s by the prominent Harvey family, this five-bedroom residence is set within a serene, walled garden that spans approximately one acre. Its architectural integrity showcases classic Georgian design elements, including grand two-story facades, large sash windows, and intricate plasterwork that evoke a sense of historical elegance. The layout of the main house is functional as well as aesthetically pleasing. Two expansive reception rooms can be easily utilized for entertaining or family gatherings, while an additional room offers utility space and a convenient WC. The large kitchen features original slate flooring and a traditional four-oven Aga, presenting an excellent foundation for modern upgrades. There is also access to a cellar that provides potential for additional storage or creative use. A significant feature of the property is the attached two-bedroom cottage. This space could serve multiple purposes—whether as a guest accommodation, an independent living area for family members, or even as a rental unit given its prior use as a holiday let. The cottage's potential for generating income adds to the investment appeal of this estate. The private grounds feature various outbuildings, including an original garage currently used for storage and two subterranean storages that may be repurposed. Notably, there is an existing derelict structure that previously had planning permission to be converted into another one-bedroom cottage; this presents an enticing avenue for future development or expansion. Located in Hayle—a vibrant coastal town—this property enjoys proximity to local amenities such as supermarkets, independent shops, restaurants, schools (including private options), and beautiful sandy beaches known for their recreational opportunities. The mainline railway station is also nearby, providing direct access to larger cities like Paddington. As it stands, this home offers unique architectural beauty combined with significant renovation possibilities and development potential in a sought-after area of Cornwall—making it an ideal prospect both for those looking to create their dream home and investors seeking long-term value.

Investment Analysis

(TR27 area)

Above Market Value

This property is priced +17.4% above area average per sq ft

+17.4%
This Property
£419/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£149,500 - £373,750
10-25% of property value
Target Value
£1,400,957
10% above area average per sq ft
Potential ROI
-25.0%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR27)

Area prices are falling by +6.0% over the last 12 months
3 year growth: -4.0%
5 year growth: 20.0%
Investment Disclaimer: Analysis based on TR27 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

Millpond Avenue, Hayle TR27
Map showing location of Millpond Avenue, Hayle TR27
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