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Illogan

South West

£140,000
Listed on 19/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
872 sqft

Description

This semi-detached cottage presents a prime opportunity for renovation and investment in Illogan, being sold with no onward chain. With a detached garage and additional outbuildings, the property offers ample potential for enhancement. Its central location ensures easy access to local amenities such as schools, transport links, and shops. The layout includes an entrance porch leading to a utility area, a fitted kitchen, a lounge, and a sun room that brightens the living space. Upstairs features three bedrooms and a shower room, benefiting from electric night storage heaters and mostly double-glazed windows. The unique flying freehold design means the upstairs area is more spacious than the ground floor. Externally, the walled rear garden is predominantly grassed, complemented by an outbuilding and garden WC. This space allows for creative landscaping or outdoor development. Given its current condition requiring modernisation throughout, this property is well-suited for those looking to invest in a project that can be tailored to personal taste while enhancing its value.

Investment Analysis

(TR15 area)

Below Market Value

This property is priced -40.9% below area average per sq ft

-40.9%
Potential saving
This Property
£161/sq ft
Area Average
£272/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£260,759
10% above area average per sq ft
Potential ROI
+44.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (TR15)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -1.4%
5 year growth: +19.6%
Investment Disclaimer: Analysis based on TR15 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

Illogan
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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
£505
Based on a loan of £105,000 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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