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Mount Terrace, Par, PL24

South West

£200,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached three-bedroom home presents a promising opportunity for renovation and investment in the sought-after village of Par, Cornwall. The property is being offered to market with no onward chain, making it an attractive option for buyers looking to modernize and customize a family residence. The layout of the house includes an entrance hall leading into a spacious lounge and a separate dining room, both of which offer room for transformation into contemporary living spaces. The kitchen provides potential for redesign, allowing for an open-concept flow that many modern families desire. Upstairs, you will find three generously sized bedrooms along with a family bathroom, giving ample space for restoration and updates. Outside, both front and rear gardens present opportunities for landscaping projects or outdoor entertaining areas. The property also includes a garage and driveway parking, which are valuable assets in this area. Par is well-positioned with access to local amenities such as convenience stores, a primary school, and a local pub. Additionally, the village boasts good transport links and scenic coastal walks nearby. These factors make the location particularly appealing for families and those commuting to larger towns or cities. While this property requires attention to bring it up to modern standards, it holds significant potential for value enhancement through thoughtful renovations. Prospective buyers should note that the property may not be mortgageable due to existing spray foam insulation in the roof; therefore, it is essential to evaluate financing options prior to bidding. This home offers a rare chance to craft a personalized living space in an enviable setting—viewings are encouraged to fully appreciate its potential.

Investment Analysis

(PL24 area)
Area Average
£279/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL24)

Area prices are rising by +4.8% over the last 12 months
3 year growth: 0.2%
5 year growth: 27.3%
Investment Disclaimer: Analysis based on PL24 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

Mount Terrace, Par, PL24
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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
£733
Based on a loan of £150,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE