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Mevagissey, Cornwall, PL26

South West

£135,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom property offers a unique blend of character and potential, spread over three levels within a charming stone-fronted building. The layout creates an inviting atmosphere reminiscent of a cottage while providing ample space for comfortable living. Rural glimpses can be enjoyed from various vantage points, and the property is conveniently located just a short walk from the picturesque harbour. The home is in need of internal renovation, presenting an opportunity for buyers to apply their vision and style to modernize the space. Available to cash buyers without any chain, it holds considerable promise as a primary residence or as an investment property for rental or vacation purposes. Accessed via Jetty Street, the main entrance leads into the first-floor living area. The kitchen features classic pine-fronted cabinetry and opens up to a cozy lounge/dining room that also serves as a versatile second bedroom if desired. A staircase connects this level to the second floor, where you can find another potential bedroom that currently includes built-in storage and access to the bathroom. The bathroom, requiring some updating, offers basic amenities with a window providing natural light. Ascending further, you'll discover the primary bedroom on the third floor, which benefits from additional storage options thanks to an over-stair cupboard. Located in Mevagissey—a lively working fishing village known for its narrow cobbled streets and historic charm—the property fits well within an engaging community atmosphere. Local amenities include shops, restaurants, and recreational facilities alongside beautiful walking paths along the coastline protected by the National Trust. Nearby attractions such as Polstreath beach and other scenic coastal areas enhance its appeal, while St Austell is only about five miles away, offering extensive shopping and leisure options. This location not only presents a vibrant lifestyle but also significant investment potential due to its desirability among tourists and locals alike. In summary, this property invites creative updates that will transform it into a welcoming home or lucrative rental opportunity—ideal for those looking to invest in one of Cornwall's most attractive coastal locations.

Investment Analysis

(PL26 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£225
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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

Mevagissey, Cornwall, PL26
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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
£495
Based on a loan of £101,250 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