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Bowithick, Cornwall PL15

South West

£700,000
Listed on 28/08/2024

Property Details

Bedrooms
5
Type
Detached house

Description

This five-bedroom detached farmhouse is situated on nearly 2.5 acres in a picturesque moorland setting, presenting a unique opportunity for renovation and investment. The property, while requiring modernisation throughout, offers substantial space and the potential to transform it into a spacious rural retreat tailored to individual preferences. Internally, the house features an entrance hall that leads into several key living areas, including a sitting room with an exposed stone fireplace, a dining room with a log-burning stove, and a breakfast room equipped with an oil-fired Aga. The kitchen provides ample scope for updates with its range of wall and base units. A utility/larder area adds practical storage options. Additionally, the ground floor includes various functional spaces such as a boot room and shower/wet room. On the first floor, there are five bedrooms—four of which are doubles—alongside a family bathroom and an expansive walk-in linen cupboard. Many of the rooms showcase original architectural details like sash windows, enhancing their character while awaiting contemporary finishes. Set in an elevated position, the property boasts views over paddocks and surrounding woodlands, complemented by several outbuildings that include dilapidated stone barns at the front of the garden and a sizeable two-storey barn at the rear. These structures present excellent potential for conversion into additional living spaces or offices subject to receiving the necessary planning permissions. The grounds comprise two paddocks lined with mature trees, along with existing infrastructure such as a ground-mounted 19.5 kW solar array that could provide energy savings or income through feed-in tariffs. Located in the serene hamlet of Bowithick on the northern edge of Bodmin Moor, this farmhouse is conveniently positioned approximately 13 miles from Launceston and just 10 miles from the north Cornish coastline. Nearby amenities include local shops in Altarnun and access to scenic walks around Bray Down Hill. This property not only offers generous living space but also serves as an attractive investment opportunity for those looking to create their vision in this idyllic rural landscape while benefiting from its development potential.

Investment Analysis

(PL15 area)
Area Average
£271/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£70,000 - £175,000
10-25% of property value
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL15)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 3.4%
5 year growth: 27.0%
Investment Disclaimer: Analysis based on PL15 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

Bowithick, Cornwall PL15
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