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Lelant, Cornwall

South West

£589,000
Listed on 03/08/2024

Property Details

Bedrooms
2
Type
Detached house
Area
1065 sqft

Description

This spacious two-bedroom bungalow presents a valuable opportunity for those seeking a renovation project in a highly regarded area. Nestled along a private road opposite the West Cornwall Golf Course, the property is surrounded by well-maintained gardens and open fields, offering both tranquility and picturesque views. The sizable driveway provides ample parking space and leads to an attached garage, which could serve as additional storage or parking. Inside, the home features generously proportioned rooms filled with natural light, thanks to large floor-to-ceiling windows in the living areas. The kitchen opens seamlessly into the dining area and lounge, promoting a functional layout ideal for modern living. A conservatory extends off the lounge, inviting you to enjoy the garden from within. While the interior requires updating, it showcases significant potential for enhancement or reconfiguration to meet contemporary standards and personal tastes. The dual-aspect windows in the main bedroom allow for pleasant views of the surroundings, while built-in wardrobes maximize storage options. The second bedroom also features similar storage solutions, catering to practical needs. The exterior offers a wrap-around garden that includes a patio area ideal for outdoor relaxation or entertaining. Raised flower beds and mature hedging contribute to a sense of privacy and tranquility. Garden enthusiasts will appreciate the greenhouse and sheds at the rear of the property, along with a designated area potentially suitable for an allotment. Located in an area free from major restrictions and with low flood risk, this bungalow is not only a comfortable residence but also represents an excellent investment opportunity. Given its location near desirable amenities and recreational activities like golf, future developments could significantly elevate its value. This property is offered chain-free, simplifying any potential acquisition process for interested buyers looking to invest in their vision for this home.

Investment Analysis

(TR26 area)

Above Market Value

This property is priced +17.7% above area average per sq ft

+17.7%
This Property
£553/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£262
Avg Yield
2.8%

Renovation Potential

Est. Renovation Cost
£58,900 - £147,250
10-25% of property value
Target Value
£550,488
10% above area average per sq ft
Potential ROI
-25.2%
After renovation
Monthly Sales
15
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR26)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -7.6%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on TR26 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

Lelant, Cornwall
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