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Restronguet, Mylor, Falmouth, Cornwall - Image 1
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Restronguet, Mylor, Falmouth, Cornwall - Image 3
Restronguet, Mylor, Falmouth, Cornwall - Image 4
Restronguet, Mylor, Falmouth, Cornwall - Image 5

Restronguet, Mylor, Falmouth, Cornwall

South West

£1,000,000
Listed on 03/05/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This property presents a rare opportunity for those looking to invest in a tranquil waterside setting. Nestled within 2.5 acres of land that once served as a nursery, the site boasts a peaceful atmosphere and substantial privacy. Just a short stroll from the picturesque Pandora Inn alongside Restronguet Creek, it offers both serenity and convenience. With existing planning permission in place, there is potential to develop an impressive 448 square meter detached contemporary dwelling, expertly designed by the acclaimed Kast Architects. This design adds significant value to the property, allowing for the creation of a modern residence tailored to today’s lifestyle. The surrounding area is known for its natural beauty and recreational opportunities, making it an appealing location for future residents or tenants. The combination of size, location, and approved plans not only emphasizes the property's uniqueness but also highlights its investment potential in a market that appreciates quality and thoughtful design.

Investment Analysis

(TR11 area)
Area Average
£407/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£100,000 - £250,000
10-25% of property value
Monthly Sales
33
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR11)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on TR11 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

Restronguet, Mylor, Falmouth, Cornwall
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