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Rejerrah, Newquay

South West

£1,650,000
Listed on 18/06/2025

Property Details

Bedrooms
7
Type
Detached house
Area
3300 sqft

Description

This expansive property is situated in a peaceful rural setting, encompassing nine acres of land that features a mature orchard and multiple fields. Ideal for those looking to invest or renovate, this family home, which has been held by the same owners for nearly forty years, presents an exciting opportunity for transformation. The main residence has been designed as a spacious five-bedroom home, boasting various living spaces including a music room and a games room conducive to leisure and entertainment. Complementing the main house is a self-contained annexe with two additional bedrooms, offering privacy and versatility—perfect for extended family living or rental potential. Investors will appreciate the numerous outbuildings on the property, including newly constructed stables, workshops, and a large barn. These structures provide significant opportunities for development, whether for personal projects or business ventures, subject to obtaining the necessary planning permissions. The parcel of land includes separate access points that increase its adaptability for future projects. Environmental efficiency is another highlight of this property. It benefits from solar panel heating and an air-source heat pump system, alongside water sourced from a private borehole. This setup not only lowers utility costs but also supports an eco-friendly lifestyle. The land itself is accessed via a private lane leading to both the residential buildings and open pastures. The orchard at the rear is filled with diverse fruit trees, contributing to an idyllic retreat enriched by local wildlife. A serene pond complements this tranquil environment, making it an attractive setting for relaxation or recreational activities. This unique property combines significant renovation potential with investment opportunities in both agricultural and residential rentals. Its generous space and favorable location make it an ideal canvas for innovative development.

Investment Analysis

(TR8 area)

Above Market Value

This property is priced +35.7% above area average per sq ft

+35.7%
This Property
£500/sq ft
Area Average
£368/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£165,000 - £412,500
10-25% of property value
Target Value
£1,337,474
10% above area average per sq ft
Potential ROI
-35.2%
After renovation
Monthly Sales
15
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (TR8)

Area prices are falling by +7.3% over the last 12 months
3 year growth: -6.0%
5 year growth: 18.1%
Investment Disclaimer: Analysis based on TR8 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

Rejerrah, Newquay
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