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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 is a noteworthy four-storey stone structure complemented by a five-storey brick and stone tower, presenting a unique opportunity for further development. Originally granted planning permission in 2008 by Restormel Borough Council to convert the site into 25 dwellings, significant progress has already been made with 13 units completed. What remains is the conversion of The Mill and Tower, which offers immense potential for bespoke residential properties in a desirable area. The majority of the site has been cleared, with only the ground floor storeroom containing building materials remaining, providing a starting point for any renovation work. Notably, recent modifications to the planning obligations mean that there are now no affordable housing restrictions to consider, making it an appealing investment for developers and builders alike.

Investment Analysis

(PL25 area)
Area Average
£275/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.9%

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
24
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (PL25)

Area prices are falling by -6.4% over the last 12 months
3 year growth: -6.5%
5 year growth: +6.7%
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

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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.

Price History

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

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