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Parkesway, St. Stephens, Saltash, PL12

South West

£264,500
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
771 sqft

Description

This three-bedroom semi-detached bungalow presents a significant opportunity for renovation and investment, located on a sought-after street in Saltash, Cornwall. The property is currently in need of modernization, allowing new owners to put their own stamp on it. With the possibility for extension, subject to obtaining the necessary planning permissions, this home is ripe for transformation. The bungalow features a long driveway capable of accommodating multiple vehicles, alongside a single garage that provides additional storage options. Inside, you’ll find a spacious lounge/diner with a fireplace that creates a welcoming atmosphere. The fitted kitchen offers practicality while the bathroom and separate WC add convenience. Central heating and double glazing are already in place, enhancing the property's livability. The rear garden is an attractive outdoor space complete with established plants and mature shrubs, along with a greenhouse that could serve various gardening pursuits. Additionally, there’s a handy cellar equipped with power and light—ideal for extra storage or as a workshop. The front garden further enhances curb appeal. Conveniently situated within walking distance to local amenities such as bus stops, a SPAR convenience store, and St Stephens Primary School makes this location particularly appealing for families or those seeking easy access to everyday necessities. The vibrant town center of Saltash is just moments away, offering shops as well as health and leisure facilities. Saltash itself boasts the charm of being known as the "Gateway to Cornwall," positioned just across the River Tamar from Plymouth. This area also serves as an excellent base for exploring nearby waterside villages like St Germans and Cargreen, all within an easy commute. With its potential for customization and expansion, coupled with its strategic location, this property represents an exciting prospect for buyers looking to invest in a home that can evolve with them over time.

Investment Analysis

(PL12 area)

Above Market Value

This property is priced +21.7% above area average per sq ft

+21.7%
This Property
£343/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£239,122
10% above area average per sq ft
Potential ROI
-21.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL12)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 5.1%
5 year growth: 28.2%
Investment Disclaimer: Analysis based on PL12 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

Parkesway, St. Stephens, Saltash, PL12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£969
Based on a loan of £198,375 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.

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