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Praze Road, Porthleven

South West

£269,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom home is set within the sought-after residential area of Praze Road, offering a solid foundation for those looking to invest in a property with significant renovation potential. While the residence currently requires updating and modernisation, its structural integrity and basic amenities—including oil-fired central heating and double-glazed windows—provide an excellent starting point for improvement. The layout comprises a practical kitchen with space for essential appliances, a welcoming lounge featuring a fireplace, two bedrooms, and a bathroom. The dual-aspect lounge allows plenty of natural light, creating an inviting atmosphere. Storage is available throughout the home, including built-in cupboards in the kitchen and hall, which enhance functionality. Outside, the property boasts front and rear gardens primarily laid to lawn, accompanied by established plants that add character to the outdoor spaces. An outbuilding offers potential for additional storage or as a workshop. A nearby garage adds further convenience for parking or storage needs. Located in Porthleven—a picturesque fishing village known for its scenic harbour, exceptional dining options, and vibrant community life—this property benefits from close proximity to local amenities such as shops, restaurants, galleries, and recreational facilities. The village also features stunning clifftop walks and opportunities for surfing on its long beach. While the property does not directly overlook the harbour, it is just moments away from these attractions. For buyers keen on making their mark in a desirable area, this home presents an appealing opportunity to create a bespoke living space tailored to modern preferences while benefiting from the charm of village life.

Investment Analysis

(TR13 area)
Area Average
£330/sq ft
Avg Rent (weekly)
£277
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (TR13)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -4.2%
5 year growth: +24.2%
Investment Disclaimer: Analysis based on TR13 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

Praze Road, Porthleven
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£970
Based on a loan of £201,750 over 30 years at 4.06% 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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