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St Mawgan, TR8

South West

£595,000
Listed on 09/10/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1593 sqft

Description

Located in the picturesque village of St Mawgan, just a mile from the sandy shores of Mawgan Porth beach, this property presents a significant opportunity for renovation and investment. The home features four bedrooms and a flexible layout that can be easily tailored to suit various living arrangements or rental needs. The ground floor includes a cozy sitting room adorned with an Art Deco fireplace, alongside a spacious formal dining room characterized by its original built-in cupboards. The kitchen and breakfast area offers ample space for modern updates, while the utility room provides practical storage and workspace. Notably, there is a large loft area that holds potential for conversion into additional living space, subject to obtaining planning permission. Upstairs, two of the bedrooms boast en-suite shower rooms, making this property particularly appealing for family life or as a holiday rental. The contemporary family bathroom serves the additional two bedrooms well. Each room benefits from natural light through double-glazed windows and offers countryside views. Externally, the property features a courtyard and steps leading up to a raised lawn garden populated with mature flowers and shrubs. A detached outbuilding at the end of the garden presents further renovation possibilities—ideal for setting up an office or guest accommodation once revived. This residence not only offers character but is also well-positioned within St Mawgan village, known for its community spirit and local amenities within walking distance. Its proximity to popular beaches elevates its attractiveness as either a permanent home or holiday retreat. Given its structural integrity with stone and cavity wall construction and fully double-glazed windows, this property is primed for someone looking to invest in improvements that could significantly enhance its value while enjoying life in an idyllic coastal setting.

Investment Analysis

(TR8 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£374/sq ft
Area Average
£368/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£59,500 - £148,750
10-25% of property value
Target Value
£645,635
10% above area average per sq ft
Potential ROI
-13.2%
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

St Mawgan, TR8
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