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Portlooe, Looe

South West

£240,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
797 sqft

Description

This two-bedroom bungalow offers a unique opportunity for renovation or potential redevelopment, subject to necessary permits. Set in expansive gardens that total approximately 0.14 hectares (0.34 acres), the property affords beautiful views of the surrounding countryside leading down to Looe Bay. The home features a practical layout, including a lobby, hallway, sitting room, dining room, kitchen, utility area, two bedrooms, and a bathroom. While the structure is of non-traditional construction and may require modernization, it presents an excellent canvas for those looking to invest in property improvements or create a new dwelling entirely. Outside, the grounds are generous and include a well-established garden adorned with lawns and a variety of plants and trees, as well as features such as a shed, greenhouse, and former summerhouse. There is also a detached garage located just across the lane for convenient storage. The property is located in a serene setting that remains close to local amenities. Both Looe and Polperro are less than two and four miles away respectively, allowing for easy access to beach activities and village life. The East Cornwall coast can be reached on foot in just over a mile at Portnadler Bay or about one-and-a-quarter miles by car to Talland Bay. With mains water and electricity services on-site and private drainage available, this bungalow provides essential amenities while leaving room for personal touches or significant upgrades. Investment potential is considerable; whether you aim to modernize the existing structure or explore replacement options with exciting new designs (again subject to permissions), this property offers flexibility in its future use. For more information regarding viewings or auction details, please contact the auctioneers directly.

Investment Analysis

(PL13 area)

Below Market Value

This property is priced -10.9% below area average per sq ft

-10.9%
Potential saving
This Property
£301/sq ft
Area Average
£338/sq ft

Renovation Potential

Est. Renovation Cost
£24,000 - £60,000
10-25% of property value
Target Value
£296,193
10% above area average per sq ft
Potential ROI
-1.3%
After renovation
Monthly Sales
4
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL13)

Area prices are rising by +6.5% over the last 12 months
3 year growth: -3.1%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on PL13 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

Portlooe, Looe
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