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Fore Street, TR26

South West

£136,000
Listed on 18/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
517 sqft

Description

This mid-terrace house features two bedrooms and is situated in the picturesque village of Lelant, which is part of a charming conservation area. The property offers a compelling opportunity for renovation and investment, particularly appealing to cash buyers as it requires extensive refurbishment throughout. On the ground floor, you'll find a lounge/dining room, a kitchen, and a bathroom, while the first floor includes two bedrooms. The layout presents various options for reconfiguration to suit modern living needs. A notable feature is the good-sized rear garden that provides potential for landscaping or outdoor enhancements. Additionally, there is established right of way access from the garden to Fore Street, which could be advantageous for future development or personal use. Location-wise, this property benefits from its proximity to the stunning Hayle Estuary and offers easy access to local amenities in Lelant as well as St Ives, which is approximately three miles away. Known for its vibrant art scene highlighted by the Tate Gallery and an array of fine dining options, St Ives also features beautiful beaches and scenic coastal walks. Regarding renovation potential, this property presents an excellent canvas for those with vision. Given its structural condition—requiring significant repairs—investors can capitalize on its prime location and create a desirable residence or rental property upon completion. Financing through traditional mortgages may be challenging due to the current state of the home; therefore, it's suggested that interested parties ensure they have explored all financing avenues prior to consideration. The house is a freehold property; however, prospective buyers should be aware that conveyance documents are limited. Further details about utilities and services are available upon request but note that some may be isolated due to disrepair. In summary, this two-bedroom mid-terrace house in Lelant offers substantial investment potential for those looking to transform a property through renovation while enjoying the benefits of a sought-after coastal location.

Investment Analysis

(TR26 area)

Below Market Value

This property is priced -44.0% below area average per sq ft

-44.0%
Potential saving
This Property
£263/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£262
Avg Yield
2.8%

Renovation Potential

Est. Renovation Cost
£13,600 - £34,000
10-25% of property value
Target Value
£267,232
10% above area average per sq ft
Potential ROI
+57.2%
After renovation
Monthly Sales
15
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR26)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -7.6%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on TR26 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

Fore Street, TR26
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