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Silverwell, Blackwater, Truro

South West

£595,000
Listed on 01/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
903 sqft

Description

Hidden away along a tranquil lane, this traditional Cornish cottage, accompanied by a detached barn and set on 3.5 acres of land, presents an enticing opportunity for renovation and investment. The property holds planning consent for the barn, enhancing its potential for equestrian pursuits or various hobby uses. The cottage, while having undergone some updates in recent years, still offers significant scope for further enhancement to truly make it your own. Inside, you will find a spacious lounge measuring approximately 20 feet in length, complete with a fireplace and a cozy stove. The kitchen is generous in size and there are three well-proportioned bedrooms complemented by a bathroom located on the first floor. Outside, the gardens provide a mostly level area that is sheltered and benefits from a pleasant sunny aspect—a blank canvas perfect for landscaping or outdoor projects. The cottage faces southward, providing views over its own land while across the drive lie three more fields enclosed by hedges. There is also a pole barn that requires repair, alongside a block-built calves house which could be converted into stables or other functional spaces. Notably, there is a substantial block-built shed (14.5m x 6m) that has received Conditional Planning Consent for conversion into a single dwelling (PA20/09161), with additional permissions granted as of March 2024 (PA23/10104) allowing for further development possibilities. The property is situated just one mile from the A30 Chiverton Interchange, ensuring convenient access to major routes and local amenities. Popular coastal destinations such as Perranporth beach are merely five minutes away by car, while the charming village of St Agnes is about ten minutes distant. Larger towns like Redruth and Camborne can be reached within twenty minutes, and Truro—home to various schools, shopping options, and the Royal Cornwall Hospital—is only four miles away. This property not only offers comfortable living but also represents an excellent investment opportunity in an attractive location.

Investment Analysis

(TR4 area)

Above Market Value

This property is priced +83.1% above area average per sq ft

+83.1%
This Property
£659/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£268
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£59,500 - £148,750
10-25% of property value
Target Value
£357,489
10% above area average per sq ft
Potential ROI
-51.9%
After renovation
Monthly Sales
10
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR4)

Area prices are falling by +5.8% over the last 12 months
3 year growth: -3.9%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on TR4 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

Silverwell, Blackwater, Truro
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