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Dennis Lane, Padstow

South West

£1,200,000
Listed on 19/06/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This detached bungalow presents a notable opportunity for those interested in renovation and investment. Nestled within extensive, well-maintained gardens and facing Dennis Cove Lake, the property is ideally located just a short walk from The Camel Trail, offering both natural beauty and potential for outdoor activities. The spacious plot includes not only the bungalow but also an outbuilding that could be repurposed or renovated, as well as a substantial timber storage unit. A tree-lined boundary along the western side enhances privacy while providing views of adjacent open farmland. This setting allows for considerable redevelopment possibilities, subject to obtaining the necessary planning approvals. Inside, the bungalow features three bedrooms, a kitchen/diner, a separate sitting room, a sunroom with garden views, and a bathroom. While the interior may benefit from modernization, it offers ample space for creative redesign. The kitchen is equipped with standard base and wall units and incorporates plumbing for modern appliances. Parking is generous with space for multiple vehicles on the driveway. The property is served by mains electricity, water, and gas central heating, ensuring essential amenities are readily available. However, prospective buyers should note that due to its non-standard construction—being primarily concrete block with timber cladding—traditional mortgage options may be limited. It's also important to highlight potential flood risks associated with certain areas of the plot designated within Flood Zone 2 and 3. Buyers will want to consider these factors when assessing renovation plans or land use. This property's prime location combined with its investment potential creates an appealing canvas for anyone looking to create their ideal home or capitalize on redevelopment opportunities in this desirable area.

Investment Analysis

(PL28 area)
Area Average
£551/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL28)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -20.5%
5 year growth: -19.1%
Investment Disclaimer: Analysis based on PL28 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

Dennis Lane, Padstow
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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
£4,396
Based on a loan of £900,000 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