Worst House on the Street Logo
Middle Wharf, Mevagissey, St. Austell - Image 1
Middle Wharf, Mevagissey, St. Austell - Image 2
Middle Wharf, Mevagissey, St. Austell - Image 3
Middle Wharf, Mevagissey, St. Austell - Image 4
Middle Wharf, Mevagissey, St. Austell - Image 5
Middle Wharf, Mevagissey, St. Austell - Image 6
Middle Wharf, Mevagissey, St. Austell - Image 7
Middle Wharf, Mevagissey, St. Austell - Image 8
Middle Wharf, Mevagissey, St. Austell - Image 9
Middle Wharf, Mevagissey, St. Austell - Image 10
Middle Wharf, Mevagissey, St. Austell - Image 11

Middle Wharf, Mevagissey, St. Austell

South West

£160,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Flat
Area
603 sqft

Description

This two-bedroom second-floor flat offers a unique opportunity for investors or those looking to create their dream seaside retreat in the heart of Mevagissey. The property boasts stunning, unobstructed views over the picturesque harbour and the sea beyond, making it a great canvas for renovation. While the flat is in need of general modernisation, its location within this vibrant fishing village puts it at the centre of local amenities including restaurants, shops, and galleries. The accommodation includes an entrance hall leading to a spacious lounge with direct harbour views, two bedrooms—one with similar striking scenery—kitchen and bathroom facilities. With a little creativity and investment, this flat can be transformed into a beautiful getaway or rental property. Residents will also appreciate the large first-floor terrace ideal for outdoor entertaining and easy access to local attractions across South Cornwall.

Investment Analysis

(PL26 area)

Below Market Value

This property is priced -7.7% below area average per sq ft

-7.7%
Potential saving
This Property
£265/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£225
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£190,599
10% above area average per sq ft
Potential ROI
+3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 2.9%
5 year growth: 26.8%
Investment Disclaimer: Analysis based on PL26 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

Middle Wharf, Mevagissey, St. Austell
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE