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Mawnan Smith

South West

£650,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2185 sqft

Description

Available for purchase for the first time since its construction in 1962, this distinctive detached dormer bungalow offers significant potential for renovation and adaptation. Spanning an impressive 2,184 sq ft, the property includes a well-appointed annexe which could serve as a comfortable living space for dependents or be transformed back into garage space. This flexibility makes it an attractive investment for buyers looking to tailor the space to their needs. The surrounding area features private off-road parking and charming, secluded gardens that enhance the tranquil ambiance of this sought-after village location, close to the Helford River and the stunning south Cornish coastline. 'Watersmeet' boasts three to four bedrooms complemented by multiple bath/shower rooms, alongside spacious communal areas including a central entrance hall and a light-filled kitchen and breakfast room. The living room opens directly onto sun-drenched gardens, while upstairs hosts further bedrooms, one benefiting from en-suite facilities. The existing layout invites possibilities for integrating the annexe into the main living area or potentially exploring consent for holiday letting—subject to local council approvals. Nearby amenities include essential services like shops, cafés, and leisure activities such as walking paths along the picturesque Helford River and access to renowned gardens. Overall, this property presents a promising opportunity for savvy investors or those seeking a bespoke home in a prime location.

Investment Analysis

(TR11 area)

Below Market Value

This property is priced -26.5% below area average per sq ft

-26.5%
Potential saving
This Property
£297/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£538
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£972,937
10% above area average per sq ft
Potential ROI
+31.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +1.5%
5 year growth: +17.4%
Investment Disclaimer: Analysis based on TR11 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

Mawnan Smith
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 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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