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Cliff Street, Mevagissey, St. Austell, Cornwall

South West

£250,000
Listed on 04/10/2025

Property Details

Bedrooms
1
Type
Detached house

Description

This one-bedroom cottage in the heart of Mevagissey presents a unique opportunity for buyers seeking a property with considerable renovation and investment potential. Its elevated position offers picturesque views, while the generous basement area below the kitchen creates possibilities for expansion, subject to necessary permissions. Entering the cottage, you’re welcomed into a spacious kitchen/diner that features fitted cabinetry and ample room for appliances. A charming wood sash window illuminates the space, complemented by a stable door that opens to the lane outside. The kitchen also includes stairs leading to the first floor and an access hatch to the sizable basement, which could be transformed into additional living space or storage. The first floor is dedicated to a large living room that boasts dual aspect windows and a red brick feature fireplace, providing character and warmth. This expansive room has enough space to accommodate various furnishings while maintaining an inviting atmosphere. A small landing area connects this floor to the top level where you’ll find the bedroom suite. The upper level comprises a well-proportioned double bedroom complete with en-suite bathroom, offering privacy and convenience. Here, you can enjoy sweeping views over the harbor and bay – a highlight that adds significant appeal. The en-suite includes essential amenities such as a bath with shower over, WC, and hand basin. Situated just steps away from local shops and the harbor, this property blends convenience with charm, making it suitable as either a permanent residence or a holiday retreat. With its inherent renovation potential and strategic location, this cottage is poised for future value enhancement.

Investment Analysis

(PL26 area)
Area Average
£292/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 1.0%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on PL26 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Cliff Street, Mevagissey, St. Austell, Cornwall
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