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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 in a tranquil hamlet with expansive countryside vistas, this property offers significant investment potential. Comprising three distinct living spaces—a three-bedroom cottage, a two-bedroom cottage, and a barn conversion containing three additional bedrooms—there is ample scope for renovation and enhancement. Each unit features original wood flooring and charming details that can be revitalised to increase their appeal. The grounds boast two meadows, presenting opportunities for development or recreational use (subject to planning permissions). Located near Goldsithney village, with its essential amenities and within the St. Hilary school district, this property is perfectly positioned for those looking to invest in a reno project in West Cornwall.

Investment Analysis

(TR20 area)
Area Average
£352/sq ft

Renovation Potential

Medium 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
7
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -3.4%
5 year growth: +20.2%
Investment Disclaimer: Analysis based on TR20 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

Relubbus, Penzance, TR20
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,174
Based on a loan of £659,962 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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