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West Street, Polruan, Fowey

South West

£225,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1163 sqft

Description

This charming three-bedroom cottage presents a unique opportunity for renovation in a picturesque coastal village setting. Located in Polruan, the property boasts enviable views of the estuary towards Fowey and is within walking distance of the harbor, beach, and local amenities, making it an ideal candidate for investment. Polruan is situated on the east bank of the River Fowey and offers a quaint village atmosphere with essentials such as general stores, tea rooms, and pubs nearby. The convenient passenger ferry service connects residents to Fowey, which provides a wider array of shops and services. Moreover, the scenic surroundings include extensive coastal paths and countryside trails, much of which is preserved by the National Trust. The property itself features flexible accommodation spread across three storeys. Accessed from West Street, which is one of Polruan's most sought-after areas, April Cottage includes two entrances—one leading directly to the ground floor where two double bedrooms are situated. The rear bedroom comes equipped with built-in storage and a shower room, while the front room contains fitted wardrobes. An open tread staircase ascends to the dining room on the first floor, where estuary views enhance this generous space. From here, you can access both the kitchen and another bedroom. The kitchen provides ample cabinetry along with essential appliances. A wet room serves this level as well. The second-floor sitting room stands out with its stunning views over the water—perfect for observing local maritime activities from paddleboarding to larger vessels passing through the estuary. Adjacent to this room is a conservatory that overlooks a garden area (not owned by the property), offering an additional space to unwind. April Cottage holds great potential as either a holiday let or second home due to its desirable location and views; however, it does present some unique features such as a flying freehold which may limit mortgage options. Prospective buyers are encouraged to consult with lenders regarding financing possibilities. This property is offered with vacant possession and no upward chain, providing an excellent canvas for those looking to invest in a distinctive renovation project in an appealing seaside community.

Investment Analysis

(PL23 area)

Below Market Value

This property is priced -54.8% below area average per sq ft

-54.8%
Potential saving
This Property
£193/sq ft
Area Average
£428/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£547,412
10% above area average per sq ft
Potential ROI
+92.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (PL23)

Area prices are rising by +15.0% over the last 12 months
3 year growth: -9.0%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on PL23 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

West Street, Polruan, Fowey
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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
£824
Based on a loan of £168,750 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