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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 +93.6% above area average per sq ft

+93.6%
This Property
£670/sq ft
Area Average
£346/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£454,436
10% above area average per sq ft
Potential ROI
-49.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR12)

Area prices are falling by +12.7% over the last 12 months
3 year growth: -19.3%
5 year growth: 6.9%
Investment Disclaimer: Analysis based on TR12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,931
Based on a loan of £600,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE