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St Austell

South West

£200,000

Listed on 01/05/2025

Property details

Bedrooms
N/A
Type
Residential Development

Description

Trenance Mill presents a unique investment opportunity with its distinctive four-storey stone building, complemented by an adjoining five-storey tower constructed of brick and stone. Originally granted planning permission in 2008 for the development of 25 dwellings, this project has already seen the successful conversion or construction of 13 units. The remaining challenge awaits with the Mill and Tower still requiring conversion, offering significant potential for further development. Recent amendments to planning obligations have lifted previous affordable housing restrictions, thus increasing the viability for profit-driven investors. The majority of the site has been cleared for new construction, although a ground floor storeroom remains filled with building materials which will be sold as part of the package. This property is not only a canvas for your renovation vision but also a strategic acquisition in the thriving South West property market.

Investment analysis

(PL25 area)
Area Average
£274/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PL25)

Area prices are falling by -3.0% over the last 12 months
3 year growth: -7.5%
5 year growth: +7.3%
Investment Disclaimer: Analysis based on PL25 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 Austell
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 over 30 years at 4.45% 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

-20.0% since listed
£200,000£50,000(-20.0%)
21/08/2025
Current price
£250,000Initial listing
01/05/2025

Next Steps

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