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Garth Road, Newlyn, TR18 5QJ - Image 1
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Garth Road, Newlyn, TR18 5QJ - Image 10
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Garth Road, Newlyn, TR18 5QJ

South West

£300,000
Listed on 19/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
818 sqft

Description

Nestled on a serene road just a short stroll from the vibrant heart of Newlyn, this three-bedroom home presents an excellent opportunity for those looking to invest and personalize a property in one of Cornwall’s emerging hotspots. The area has recently received accolades for its charm and appeal, making it an attractive location for potential buyers. This residence features a generous living room and the main bedroom, both offering picturesque views of the surrounding countryside. The spacious kitchen/dining area overlooks the terraced garden, providing a pleasant setting for family meals or entertaining. While the interior requires some renovation, it boasts significant potential for customization to suit individual tastes and requirements. One standout feature is the substantial loft space, measuring approximately 40 feet by 14 feet, which offers possibilities for expansion into additional living areas or bedrooms (subject to necessary planning permissions). Additionally, there is an adjacent block-built shed equipped with plumbing and electricity, further enhancing the utility of this property. The exterior includes terraced garden areas accessible via around 30 steps, leading to a sun terrace that invites you to enjoy the lovely valley views. An enclosed rear garden provides a private outdoor retreat. For convenience, there is also a garage located at the front of the property. Inside, the layout includes an entrance hall with built-in storage, three bedrooms with varying views—each capable of accommodating family needs—and a bathroom fitted with modern amenities. The property's infrastructure includes mains water, electricity, and drainage. This home represents not only a comfortable living space but also an exciting investment opportunity in a desirable location that is rapidly gaining attention for its community atmosphere and local offerings.

Investment Analysis

(TR18 area)

Above Market Value

This property is priced +16.0% above area average per sq ft

+16.0%
This Property
£367/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£284,427
10% above area average per sq ft
Potential ROI
-16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -4.6%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on TR18 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

Garth Road, Newlyn, TR18 5QJ
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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
£1,099
Based on a loan of £225,000 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.

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