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Ramoth Way, Perranporth

South West

£799,000
Listed on 15/02/2025

Property Details

Bedrooms
7
Type
Detached house
Area
3089 sqft

Description

This spacious property presents a unique opportunity for renovation or redevelopment, located on an elevated plot in the desirable area of Ramoth Way. Currently, the residence features seven bedrooms, with a notable two-bedroom annex that adds versatility to the living space. Given its layout, this home is well-suited for families or investors looking to create multiple living units. The expansive plot offers potential for significant improvements, whether through updating the existing structure or exploring options for new development. The property boasts generous room sizes, with four reception areas and ample bathrooms that can be redesigned to enhance functionality and aesthetics. Surrounding gardens extend to the front, side, and rear of the home, offering outdoor space that can be transformed into attractive landscaped areas. One of the key highlights of this location is its breathtaking views over Perranporth's renowned beach and surrounding landscapes. Residents will appreciate easy access to local amenities and recreational opportunities, including nearby golf courses and coastal walks. While the property was built in the 1950s using Mundic block construction—which may limit mortgage options—it stands as a promising project for cash buyers or developers with funding alternatives. The layout includes essential spaces such as a kitchen/breakfast room and conservatories that provide excellent light and views. The surrounding area is known for its community feel and proximity to both town activities and outdoor adventures, making it a compelling choice for those looking to invest in a vibrant location. In summary, this property represents an opportunity not only to create a sizable family home but also to explore its potential as a redevelopment site. With thorough consideration of renovations and landscaping adjustments, it could become a remarkable investment in one of Cornwall’s appealing coastal regions.

Investment Analysis

(TR6 area)

Below Market Value

This property is priced -35.9% below area average per sq ft

-35.9%
Potential saving
This Property
£259/sq ft
Area Average
£403/sq ft

Renovation Potential

Est. Renovation Cost
£79,900 - £199,750
10-25% of property value
Target Value
£1,370,713
10% above area average per sq ft
Potential ROI
+37.2%
After renovation
Monthly Sales
4
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TR6)

Area prices are rising by +26.7% over the last 12 months
3 year growth: -1.0%
5 year growth: 30.9%
Investment Disclaimer: Analysis based on TR6 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

Ramoth Way, Perranporth
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