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Godolphin Way, NEWQUAY, Cornwall, TR7

South West

£698,000
Listed on 11/03/2025

Property Details

Bedrooms
10
Type
Detached house

Description

This substantial detached residence presents an exceptional opportunity for renovation and investment, situated just a short distance from the picturesque Lusty Glaze Beach. With over 4,000 square feet of space, the property was originally designed as a guest house and offers extensive possibilities for redevelopment or reconfiguration to suit various needs. The layout features 10 generously sized double bedrooms, each accompanied by its own ensuite bathroom, making it ideal for multi-generational living or potential rental income. In addition to the sleeping quarters, the house includes multiple reception areas that could be transformed into communal spaces or entertainment zones. A self-contained annexe adds further versatility, featuring two additional bedrooms, a kitchen, living room, and bathroom—perfect for guests or long-term tenants. Set on a well-sized plot with secure gated access and ample parking for multiple vehicles, this home combines practicality with expansive living options. The surrounding area of Lusty Glaze is known for its tranquil environment and charming coastal lifestyle. Residents can enjoy easy access to both Lusty Glaze and Porth Beaches, while local amenities and schools are conveniently located nearby. With its prime location and significant space for customization, this property represents a valuable investment opportunity in a desirable neighborhood. The potential for enhancing the existing structure or exploring new layouts makes this residence a compelling choice for discerning buyers looking to capitalize on its unique attributes.

Investment Analysis

(TR7 area)
Area Average
£362/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£69,800 - £174,500
10-25% of property value
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

Godolphin Way, NEWQUAY, Cornwall, TR7
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