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St Mawgan

South West

£795,000
Listed on 10/03/2026

Property Details

Bedrooms
8
Type
Detached
Area
2550 sqft

Description

This expansive property includes a large main residence alongside two fully residential cottages, situated on nearly 1.5 acres of land, offering excellent potential for renovation and investment. The main house is a four-bedroom barn conversion with substantial living space of 2,550 sqft, featuring an inviting split-level sitting and dining room complete with a stone fireplace and access to a conservatory. The kitchen is equipped with an extensive range of units including an oil-fired Rayburn, while the layout provides scope for modernisation to enhance functionality. The two cottages mirror each other's design, both featuring two bedrooms and open-plan living arrangements that could benefit from contemporary upgrades or redesigns. Outside, the grounds encompass formal gardens with various features such as a pond and vegetable patches, providing opportunities for landscaping improvements. Additionally, there are several outbuildings including a carport and a significant general-purpose building (1,350 sqft) that may present development opportunities subject to necessary planning consents. This location not only offers proximity to Newquay Airport but also easy access to beautiful coastal areas known for walking and surfing. Overall, this property presents multiple avenues for enhancement or conversion into additional accommodation, making it an attractive proposition for investors looking to capitalize on high-demand rental areas in the South West region.

Investment Analysis

(TR8 area)

Below Market Value

This property is priced -14.0% below area average per sq ft

-14.0%
Potential saving
This Property
£312/sq ft
Area Average
£363/sq ft
Avg Rent (weekly)
£291
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£1,017,093
10% above area average per sq ft
Potential ROI
+7.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TR8)

Area prices are falling by -6.1% over the last 12 months
3 year growth: -12.8%
5 year growth: +12.0%
Investment Disclaimer: Analysis based on TR8 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

St Mawgan
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,816
Based on a loan of £596,250 over 30 years at 3.91% 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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