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Parkland Close, Newquay

South West

£300,000
Listed on 03/06/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
961 sqft

Description

This semi-detached house offers a solid foundation for renovation and investment, featuring three bedrooms and two bathrooms. The spacious reception area provides a welcoming atmosphere and the opportunity for reconfiguration to better suit modern living needs. Conveniently located on the outskirts of Newquay's town center, it is near the desirable Nansledan area and the village amenities of St. Columb. The property benefits from easy access to local supermarkets, schools, leisure facilities, and is just a short distance from Porth Beach. The outdoor space includes a garden that could be transformed into an ideal retreat or entertaining area, along with a garage that adds valuable storage options. Private parking enhances the practicality of this home for residents with vehicles. Inside, while the property requires some updating, this presents a unique chance for you to personalize each space according to your vision. The entrance porch leads into a layout that includes a lounge/dining room with double-glazed doors opening to the rear garden—a feature that encourages an indoor-outdoor flow. The kitchen is equipped with essential fittings and has potential for modern upgrades. Each bedroom offers natural light through double-glazed windows, providing comfortable spaces ready for renovation. With a little creativity and investment, this property can be transformed into an attractive home or rental opportunity. Located in Newquay, known for its vibrant lifestyle and stunning coastline, this property offers not only potential but also convenience with public transport links and accessibility to both urban and natural attractions. Whether you're looking to create your dream home or capitalize on an investment opportunity in a thriving area, this house stands as a promising prospect amidst the beautiful backdrop of Cornwall.

Investment Analysis

(TR7 area)

Below Market Value

This property is priced -13.6% below area average per sq ft

-13.6%
Potential saving
This Property
£312/sq ft
Area Average
£362/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Target Value
£382,142
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Monthly Sales
29
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (TR7)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -6.7%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on TR7 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

Parkland Close, Newquay
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