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Fore Street, Polruan

South West

£335,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1274 sqft

Description

This mixed-use property presents a significant opportunity for those interested in renovation and investment in a vibrant village setting. Situated in the heart of Polruan, with its picturesque views overlooking the River Fowey, this property features two floors of residential accommodation above a commercial unit, as well as a cellar. Polruan is strategically located on the eastern bank of the River Fowey, offering a charming community atmosphere. The village itself boasts essential amenities such as general stores, a sub post office, tea rooms, and local pubs. Additionally, it has strong connections to Fowey via a regular passenger ferry, enhancing accessibility to a broader range of shops and services. Nature enthusiasts will appreciate the nearby coastal paths and countryside landscapes, much of which is preserved by the National Trust. For those commuting or traveling further afield, major road links to the A38/A30 are easily accessible, along with railway connections available at local stations like Par and Liskeard. The property's layout includes four levels with independent access to the upper residential space. The top two floors offer potential for comfortable living, featuring a spacious sitting room complete with a wood burner and scenic views of the harbour towards Fowey. The kitchen comes equipped with base and wall units and provides additional access to loft space—though its condition remains unverified. On the first floor, you’ll find two bedrooms that benefit from natural light through front-facing windows alongside a bathroom. A hatch leads down from here into an unfinished cellar area that may hold additional potential for storage or development. The ground floor currently accommodates a café space with large windows that enhance natural light flow and include an associated kitchen/food prep area. Presently under informal lease arrangements for six months with existing tenants, this unit offers immediate income potential alongside options for future redevelopment or rebranding. While some modernization work is needed throughout the property, this allows for customizing according to personal taste or investment strategy. Whether you're looking to create your ideal home above commercial space or capitalize on rental opportunities in an appealing locale, this property stands out as a versatile project ready for your vision.

Investment Analysis

(PL23 area)

Below Market Value

This property is priced -38.5% below area average per sq ft

-38.5%
Potential saving
This Property
£263/sq ft
Area Average
£428/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£599,659
10% above area average per sq ft
Potential ROI
+51.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (PL23)

Area prices are rising by +15.0% over the last 12 months
3 year growth: -9.0%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on PL23 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

Fore Street, Polruan
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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
£1,227
Based on a loan of £251,250 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