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Polsue Way, Tresillian, Truro, Cornwall, TR2

South West

£270,000
Listed on 26/02/2025

Property Details

Bedrooms
2
Type
Bungalow
Area
1497 sqft

Description

This 2-bedroom detached bungalow presents an exceptional opportunity for those looking to invest in a property with significant potential. Originally a 3-bedroom home, it has been transformed into a spacious and adaptable layout that can easily revert to its original configuration. Nestled in a prime position, the bungalow offers stunning panoramic views over a tranquil creek, making it an ideal retreat for anyone seeking both peace and aesthetic beauty. Accessed via a long private driveway, the property provides ample off-road parking suitable for four vehicles—an attractive feature for homeowners valuing privacy. Enter through the inviting conservatory, which showcases breathtaking views and fills the space with natural light. This area serves as an excellent starting point in your renovation journey, perfect for morning relaxation or entertaining guests. The interior flows from the conservatory into a generous hallway that leads to a bright living room characterized by dual aspects and a cozy gas fireplace—perfect for creating inviting family gatherings. Adjacent to this is an expansive kitchen, currently a blank canvas ready for modern upgrades to enhance its functionality and style, while also offering direct access to the landscaped rear garden that encourages seamless outdoor living. Two well-sized double bedrooms adorn this bungalow, with the master bedroom enjoying spectacular creek views—a serene spot to start your day. The property boasts an additional shower room and separate WC facilities, catering comfortably to residents and guests alike. A single garage provides valuable storage options or could be repurposed (subject to planning) to increase the living space available. Surrounding gardens are mature and tiered, offering numerous peaceful spots to unwind while enjoying nature's splendor. An outdoor shed adds practicality for gardening tools or additional storage needs. The setting is further complemented by rolling fields that enhance privacy, creating an oasis away from urban life. With thoughtful renovations, this bungalow holds immense potential—whether converting it back into three bedrooms or optimizing its layout altogether. Ideal for buyers envisioning their dream home or investors aiming for a lucrative project, this property invites creativity and transformation.

Investment Analysis

(TR2 area)

Below Market Value

This property is priced -52.3% below area average per sq ft

-52.3%
Potential saving
This Property
£180/sq ft
Area Average
£378/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
Target Value
£622,700
10% above area average per sq ft
Potential ROI
+80.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TR2)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -3.9%
5 year growth: -2.3%
Investment Disclaimer: Analysis based on TR2 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

Polsue Way, Tresillian, Truro, Cornwall, TR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£963
Based on a loan of £202,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-16.9% since listed
£270,000£30,000(-10.0%)
01/10/2025
Current price
£300,000£25,000(-7.7%)
16/05/2025
£325,000Initial listing
25/02/2025

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