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St. Ives Road, Carbis Bay, St. Ives, Cornwall

South West

£850,000
Listed on 02/03/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1984 sqft

Description

This detached home presents a significant opportunity for renovation and investment. Featuring four generously sized double bedrooms, three equipped with en-suite bathrooms, the layout is practical and conducive to comfortable living. The property also includes a family bathroom and a utility space on the ground floor, ideal for everyday conveniences. An expansive open-plan living area occupies the top floor, characterized by high ceilings and large windows that invite ample natural light. While currently stylishly decorated, there is ample scope for customization to reflect personal tastes or modern design trends. A notable highlight is the sea-facing balcony, which provides views across the rooftops—a valuable asset for those who appreciate outdoor space and coastal living. Outside, the property offers a sizable front parking area that accommodates multiple vehicles, featuring an electric vehicle charger for added convenience. The private rear garden provides a tranquil setting, perfect for relaxation or future landscaping projects. Moreover, approved planning permission exists for an annex at the rear—this offers exciting potential for expansion or even rental income. Situated in a desirable location that benefits from low flood risk and access to essential services like mains electricity, gas, water, and drainage, this home is not only designed for modern living but also poised as an advantageous investment opportunity. With such features and possibilities for development, this property warrants consideration from both prospective homeowners and investors alike.

Investment Analysis

(TR26 area)

Below Market Value

This property is priced -9.5% below area average per sq ft

-9.5%
Potential saving
This Property
£428/sq ft
Area Average
£474/sq ft
Avg Rent (weekly)
£271
Avg Yield
2.8%

Renovation Potential

Est. Renovation Cost
£85,000 - £212,500
10-25% of property value
Target Value
£1,033,694
10% above area average per sq ft
Potential ROI
-2.7%
After renovation
Monthly Sales
11
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR26)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -8.5%
5 year growth: 17.6%
Investment Disclaimer: Analysis based on TR26 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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. Ives Road, Carbis Bay, St. Ives, Cornwall
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