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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 presents an opportunity to acquire building plots for two semi-detached houses in a secluded area of Troon, near Camborne. With planning permission already secured for the construction of three-bedroom dwellings, this site is primed for development. Each house is designed to feature a kitchen/dining room, a sitting room, a cloakroom, and a bathroom across two levels, complemented by private rear gardens and allocated parking spaces. The groundwork has started with the access road constructed and previous structures cleared, positioning you favorably for quick progress. Additionally, there is a traditional stone barn included in the sale that also has planning permission for conversion, further enhancing the investment potential. Although utilities are believed to be nearby, prospective buyers should verify this as part of their due diligence. This project not only offers a chance to create new homes but also provides a valuable asset in a desirable village setting.

Investment Analysis

(TR14 area)
Area Average
£267/sq ft
Avg Rent (weekly)
£243
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (TR14)

Area prices are falling by -5.3% over the last 12 months
3 year growth: -2.8%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on TR14 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

Troon
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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