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Devoran, Truro

South West

£400,000
Listed on 19/07/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1001 sqft

Description

This semi-detached character cottage offers a unique opportunity for those interested in renovation and investment. Featuring two bedrooms plus a study, the property enjoys picturesque views across the creek towards scenic woodlands. Currently, it requires updating and refurbishment, which presents a blank canvas for potential buyers to personalize the space according to their vision. The cottage comes with approved planning consent (PA24/04141) to expand and transform it into a three-bedroom home, complete with a balcony to take full advantage of the stunning surroundings. The existing layout includes a living room, kitchen, dining area, bathroom, and an additional rear room; however, there is significant potential to reconfigure these spaces into an open-plan design that enhances functionality and flow. The outdoor areas are equally appealing, featuring generous gardens at both the front and back of the property. A charming stream runs along the garden’s lower boundary, adding to its natural beauty. There is also a single garage and ample parking available. For those with green thumbs, the rear garden has previously been a productive fruit and vegetable patch. Located near Devoran village, this property benefits from its proximity to local amenities including a primary school, doctors' surgery, village hall, and the popular Old Quay Inn pub. Outdoor enthusiasts will appreciate easy access to walking and cycling routes along the mineral tramway that connects to nearby attractions. This property not only presents an exciting renovation project but also holds strong investment potential in a sought-after area of South Cornwall. With no onward chain involved in the sale, it’s ready for new owners eager to realize its possibilities while enjoying beautiful creekside living.

Investment Analysis

(TR3 area)

Above Market Value

This property is priced +2.8% above area average per sq ft

+2.8%
This Property
£400/sq ft
Area Average
£389/sq ft

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Target Value
£428,163
10% above area average per sq ft
Potential ROI
-14.4%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TR3)

Area prices are falling by +12.6% over the last 12 months
3 year growth: -15.9%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on TR3 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

Devoran, Truro
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