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Relubbus, Penzance, TR20

South West

£879,950
Listed on 13/10/2024

Property Details

Bedrooms
7
Type
Detached house

Description

Nestled within a tranquil hamlet, this property offers a unique opportunity for those looking to invest in a multi-unit residence with significant renovation potential. The expansive grounds include two meadows, providing options for further development or simply enjoying the serene countryside views. The accommodation features a combination of living spaces: a three-bedroom cottage, a two-bedroom cottage, and a three-bedroom barn conversion. Each unit exhibits character and an inviting layout, yet they are in need of updating, making them ideal candidates for modernization or reconfiguration to maximize value. The main cottage presents an open plan living room that flows into a reception area, both adorned with wooden floors and exposed beams. The kitchen offers dual aspect windows that frame picturesque views of the surrounding meadows, and it is equipped with essential fittings for future enhancement. Upstairs, three bedrooms provide ample space for family living or rental opportunities, with scenic rural vistas from select windows. Adjoining the main dwelling is a former holiday let known as Fox Glove, which features its own living room, kitchen/diner, and two bedrooms. This space retains much of its charm while offering substantial scope for improvement or continued use as a rental unit. Additionally, Ivy Cottage—also part of the property—offers an open-plan design and includes essential amenities along with en-suite facilities in one of its bedrooms. The entire setup not only supports immediate occupancy but also invites creativity in reimagining the layout or upgrading finishes to suit modern tastes. The outdoor areas enhance this property's appeal, featuring landscaped gardens alongside the meadows and ample parking space. With utilities already connected and the possibility of converting parts of the land into additional plots (subject to planning consent), there’s great investment potential here. Located in Relubbus within St. Hilary parish, this property is conveniently close to Goldsithney village amenities such as shops and pubs. For comprehensive services including transport links and shopping options, Penzance is just a short drive away. This setting provides both quiet rural living as well as accessibility to local conveniences—making it an attractive option for families or investors seeking a project with considerable upside potential.

Investment Analysis

(TR20 area)
Area Average
£365/sq ft

Renovation Potential

Est. Renovation Cost
£87,995 - £219,988
10-25% of property value
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 2.6%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on TR20 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

Relubbus, Penzance, TR20
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