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Chymbloth Way, Coverack, Cornwall, TR12 - Image 1
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Chymbloth Way, Coverack, Cornwall, TR12 - Image 5

Chymbloth Way, Coverack, Cornwall, TR12

South West

£800,000
Listed on 24/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1194 sqft

Description

This three-bedroom property presents a unique opportunity for renovation, situated on a spacious plot in a desirable seaside location. The home offers breathtaking views of the ocean, which can be further enhanced by thoughtful updates and improvements. The generous gardens and grounds provide ample space for outdoor enhancements, potentially transforming the exterior into a vibrant retreat or an inviting entertainment area. With expansive views and proximity to local amenities, this property holds significant investment potential for those looking to create their dream home or capitalize on rental opportunities in the area. The existing structure allows for creative vision while offering a solid foundation in a sought-after community. Embrace the chance to reimagine this home and maximize its value in an increasingly popular locale.

Investment Analysis

(TR12 area)

Above Market Value

This property is priced +78.3% above area average per sq ft

+78.3%
This Property
£670/sq ft
Area Average
£376/sq ft

Renovation Potential

Est. Renovation Cost
£80,000 - £200,000
10-25% of property value
Target Value
£493,510
10% above area average per sq ft
Potential ROI
-50.6%
After renovation
Monthly Sales
7
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR12)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -14.1%
5 year growth: 19.0%
Investment Disclaimer: Analysis based on TR12 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

Chymbloth Way, Coverack, Cornwall, TR12
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