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Lankelly Lane, Fowey

South West

£595,000
Listed on 14/06/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1499 sqft

Description

This substantial detached house presents a remarkable opportunity for renovation, located on the outskirts of the charming town of Fowey. With five bedrooms and ample living space, it is designed to accommodate a growing family or potential rental income, making it an ideal investment project. The property has been in the same ownership for nearly five decades and now awaits a new owner to realize its full potential. The location is a notable highlight, set within close proximity to picturesque coastal footpaths and Readymoney Beach. Fowey is well-regarded for its vibrant waterside community and is renowned as a sailing hub with active clubs and an annual regatta. The town offers a diverse range of shops, eateries, and essential services, all contributing to its appeal as both a residential area and holiday destination. For outdoor enthusiasts, numerous trails weave through beautiful countryside and coastlines, much of which is conserved by the National Trust. In terms of local amenities, there are excellent road links via the A38/A30 for wider travel connections. For those preferring public transport, railway services from nearby stations provide direct access to London Paddington, while flights from Newquay enhance travel options further. The property's interior features include an entrance hallway with parquet flooring that leads into generously sized rooms. The sitting room overlooks the front garden and connects to a dining room through sliding partition doors—ideal for creating an expansive entertaining area. Meanwhile, the kitchen comes equipped with base and wall units along with practical storage spaces including a walk-in pantry. Upstairs hosts five bedrooms that benefit from views over surrounding countryside along with glimpses of the sea; these spaces can be remodeled to maximize comfort or functionality. Additionally, the property features a sizeable attic space that holds promise for conversion subject to appropriate permissions. Outside, driveway parking accommodates several vehicles with gardens at both the front and sides that are characterized by established hedges and stone walling. There remains additional space at the rear suitable for garden storage or possible garage options. This property’s extensive scope for modernization combined with its desirable location makes it an exciting prospect for those looking to invest in Fowey’s thriving real estate market.

Investment Analysis

(PL23 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%
Potential saving
This Property
£397/sq ft
Area Average
£428/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£705,564
10% above area average per sq ft
Potential ROI
+1.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (PL23)

Area prices are rising by +15.0% over the last 12 months
3 year growth: -9.0%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on PL23 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

Lankelly Lane, Fowey
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,180
Based on a loan of £446,250 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