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Troon

South West

£200,000
Listed on 13/06/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a rare opportunity to secure building plots for two semi-detached houses, situated in a serene corner of the village, just a short stroll from local shops and essential services like the post office. The planned layout includes three bedrooms, a kitchen/dining area, a sitting room, cloakroom, and bathroom for each unit, ensuring functional living spaces tailored to modern needs. Each property will benefit from private rear gardens and allocated parking, enhancing their appeal for future occupants. The planning permission is already in place (Cornwall Council Reference PA20/05854), with a technical start on site having been initiated to maintain its active status. Key groundwork has been completed: outbuildings have been removed, access roads constructed, and mining remediation efforts undertaken by specialists. These steps have set the stage for development while providing peace of mind regarding site conditions. Additionally, there is an option to acquire a traditional stone barn with planning permission for conversion—a potential enhancement that could increase the overall value of the investment or serve as an intriguing project for those looking to expand their portfolio further. With services likely nearby, prospective buyers should verify availability to facilitate future development plans. This project presents significant renovation and investment potential in a desirable location on the outskirts of Camborne. With proper execution of development regulations and conditions outlined by the local authority, these plots promise not just housing solutions but also capital appreciation opportunities in a growing community. Further details can be obtained through dedicated agents who are available to guide you through this promising venture.

Investment Analysis

(TR14 area)
Area Average
£277/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Monthly Sales
20
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR14)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 6.8%
5 year growth: 30.6%
Investment Disclaimer: Analysis based on TR14 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

Troon
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