Worst House on the Street Logo
Portmellon, South Cornish Coast - Image 1
Portmellon, South Cornish Coast - Image 2
Portmellon, South Cornish Coast - Image 3
Portmellon, South Cornish Coast - Image 4
Portmellon, South Cornish Coast - Image 5
Portmellon, South Cornish Coast - Image 6
Portmellon, South Cornish Coast - Image 7
Portmellon, South Cornish Coast - Image 8
Portmellon, South Cornish Coast - Image 9
Portmellon, South Cornish Coast - Image 10
Portmellon, South Cornish Coast - Image 11

Portmellon, South Cornish Coast

South West

£1,150,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1830 sqft

Description

This property presents a compelling opportunity for renovation and investment, available for the first time in 25 years. Nestled in a coveted coastal location, it offers stunning panoramic views of Portmellon Cove and the expansive sea beyond, framing scenes that stretch from Chapel Point to Fowey, Plymouth, and the iconic Eddystone Lighthouse. The detached house features three bedrooms and includes an attached one-bedroom annexe, providing additional living space or rental potential. Set on a generous plot exceeding 0.33 acres within an Area of Outstanding Natural Beauty, this property boasts great adaptability for future enhancements. While the home is ready for updates to suit modern preferences, its solid foundation and desirable layout create a blank canvas for those looking to personalize the space. The surrounding area offers a tranquil lifestyle with easy access to local amenities and natural attractions, making it not just a residence but an investment in quality living.

Investment Analysis

(PL26 area)

Above Market Value

This property is priced +115.5% above area average per sq ft

+115.5%
This Property
£628/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£115,000 - £287,500
10-25% of property value
Target Value
£587,091
10% above area average per sq ft
Potential ROI
-59.2%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 1.0%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on PL26 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

Portmellon, South Cornish Coast
Map showing location of Portmellon, South Cornish Coast
Open Map