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Gwinear, Reawla, TR27 5HD - Image 1
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Gwinear, Reawla, TR27 5HD

South West

£180,000
Listed on 11/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot presents a valuable opportunity for those looking to invest in a residential development. With approved planning (PA21/11901) for a four-bedroom detached house, the design includes a functional layout featuring both living and dining areas, a kitchen, study, and an entrance porch on the ground floor. The first floor is designed to house a spacious main bedroom complete with an en suite bathroom, alongside three additional bedrooms and a family bathroom. Situated in the sought-after village of Reawla, this location offers convenient access to nearby towns such as Hayle, Camborne, Helston, and Penzance. Residents will benefit from proximity to local amenities while enjoying the charm of village life. Notably, the property will include private parking and an enclosed garden upon completion. Investors should also be aware of the Community Infrastructure Levy (CIL) charge of £12,391.51 applicable for this development. This plot not only promises potential rental income or resale value but also allows for customization according to market demands in this growing area.

Investment Analysis

(TR27 area)
Area Average
£348/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR27)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -5.4%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on TR27 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

Gwinear, Reawla, TR27 5HD
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Mortgage Calculator

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£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 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