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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 +118.7% above area average per sq ft

+118.7%
This Property
£628/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£225
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£578,436
10% above area average per sq ft
Potential ROI
-51.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +7.6% over the last 12 months
3 year growth: 2.9%
5 year growth: 26.8%
Investment Disclaimer: Analysis based on PL26 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

Portmellon, South Cornish Coast
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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
£4,213
Based on a loan of £862,500 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