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Fore Street, Marazion TR17

South West

£450,000
Listed on 09/06/2024

Property Details

Bedrooms
5
Type
Terraced house
Area
1561 sqft

Description

This spacious five-bedroom townhouse is located on the outskirts of Marazion, offering a prime opportunity for renovation and investment. Arranged over four levels, the property provides ample living space but does require modernization throughout, making it a blank canvas for those looking to create their ideal home or rental property. The upper rear elevation boasts views of the surrounding countryside and coastline, adding to its appeal. The interior includes a living room, kitchen, and bathroom on the lower ground floor; a sitting room and one bedroom on the ground level; with four additional bedrooms distributed across the upper floors. While fitted with uPVC double glazing and electric night storage heaters, prospective owners will find significant potential in reconfiguring and updating these spaces. Outdoor amenities include an enclosed courtyard garden that features a hardstanding area suitable for seating, along with storage sheds and a small lawn complemented by a vegetable patch. This outdoor space could be enhanced to create an inviting area for relaxation or entertaining. Located in Marazion, this townhouse benefits from being close to local shops, dining options, and art galleries. The iconic St. Michael's Mount is just a short distance away, further enriching the charm of this character town. Furthermore, nearby amenities such as a post office, health center, primary school, and nature reserve contribute to the convenience of the location. For those needing broader services and connections, Penzance is approximately five miles away and offers secondary schooling along with mainline bus and rail links. In summary, this townhouse presents an exciting opportunity for renovation enthusiasts or investors looking to capitalize on its potential in a sought-after coastal location. With careful enhancement, this property could achieve significant value in today’s market while providing an appealing living environment close to all local amenities.

Investment Analysis

(TR17 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£288/sq ft
Area Average
£409/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£702,895
10% above area average per sq ft
Potential ROI
+32.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
6%
Properties sold annually
Investment Disclaimer: Analysis based on TR17 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

Fore Street, Marazion TR17
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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
£1,648
Based on a loan of £337,500 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