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Saltash, Cornwall

South West

£1,250,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
5371 sqft

Description

This distinctive riverside residence in Cornwall presents an exceptional opportunity for those looking to invest in a property with significant renovation potential. Originally a two-bedroom cottage from the 1880s, the home has undergone substantial architectural transformation, resulting in a spacious layout that encompasses over 5,300 square feet across three levels. The expansive plot of approximately 0.68 acres allows for a variety of enhancements and garden improvements. The ground floor welcomes you with a grand reception hall and an atrium, which leads to multiple living zones including a family room and a panoramic rotunda dining area with breathtaking river views. While functioning well as-is, the kitchen could benefit from modern updates to enhance functionality and aesthetic appeal further. Upstairs, the master bedroom suite boasts its own dressing room and en-suite bathroom, alongside three additional double bedrooms and a versatile office space—ideal for possible conversion into another bedroom or guest suite. Notably, part of this floor houses an independent annexe complete with its own kitchen and access; currently utilized as a popular holiday rental, this area is ripe for continued income generation or personal use. The second floor presents an adaptable space with two sizeable loft rooms suitable for studios or extra bedrooms pending planning permissions. Outside, the meticulously landscaped gardens offer ample privacy and are designed for maximum sunlight exposure throughout the day. A kitchen garden contributes to seasonal produce while enhancing the property’s charm. Importantly, there exists considerable scope for further development; plans are underway to convert an adjacent barn into additional living accommodations under permitted development rights. This could create multiple options for rental or guest facilities that could significantly enhance future value. Additionally, there is an opportunity to optimize storage solutions within the property's existing structures. In terms of location, North Pill enjoys tranquility while being conveniently close to Saltash's amenities and transport links to Plymouth and beyond—a prime aspect for any potential buyer or investor seeking both lifestyle benefits and investment returns.

Investment Analysis

(PL12 area)

Below Market Value

This property is priced -17.5% below area average per sq ft

-17.5%
Potential saving
This Property
£233/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£249
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,665,789
10% above area average per sq ft
Potential ROI
+19.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL12)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 5.1%
5 year growth: 28.2%
Investment Disclaimer: Analysis based on PL12 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

Saltash, Cornwall
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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
£4,579
Based on a loan of £937,500 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