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Reawla, Detached bungalow with planning - Image 1
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Reawla, Detached bungalow with planning

South West

£499,995
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow in the desirable village of Reawla presents an exciting opportunity for those seeking a project with significant renovation and development potential. Nestled on approximately 0.5 acres, the property boasts a spacious garden, ample parking via a private driveway, and an outbuilding that could serve various purposes, from storage to potential conversion (pending necessary permits). Inside, the bungalow offers generous living spaces suitable for families or investors looking to update and enhance the property. With far-reaching views towards St Ives from the first floor, this home merges comfortable living with the promise of future growth. Notably, planning permission in principle has been granted for up to five additional homes on-site, making this an exceptional investment opportunity. Reawla's tranquil setting offers access to local amenities along with picturesque countryside walks, enhancing both lifestyle and investment appeal. This property not only serves as a family home but also as a canvas for further development or as a smallholding, providing unique prospects in a growing community.

Investment Analysis

(TR27 area)
Area Average
£348/sq ft
Avg Rent (weekly)
£258
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR27)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -5.4%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on TR27 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

Reawla, Detached bungalow with planning
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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
£1,832
Based on a loan of £374,996 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