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Whitehall, Scorrier

South West

£250,000
Listed on 07/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This individual building plot presents a compelling opportunity to invest in a renovation project with significant potential. Located on the outskirts of Chacewater, this property encompasses approximately two acres and includes an existing 250-year-old detached cottage. Detailed planning permission has been granted for an extensive extension and restoration, allowing for the creation of a substantial four-bedroom home that harmoniously blends historical character with modern living. The proposed development plans feature an expansive layout that includes four bedrooms—with three en-suites—a bathroom, kitchen/dining area, sitting room, sunroom, utility room, and plant room. The current owner has taken preliminary steps to prepare the site for construction, which includes clearing the area and addressing any potential land contamination through comprehensive reports. Chacewater itself is a desirable village positioned just five miles from Truro, offering a vibrant community atmosphere along with essential amenities such as a village shop, bakery, public house, doctors’ surgery, and primary school. This location provides convenient access to the A30 via Scorrier, making it easy to reach larger urban centers. In Truro, residents can enjoy a range of shopping options, dining establishments, cultural venues like the Hall for Cornwall and the Royal Cornwall Museum, and educational institutions. With planning permission officially granted in January 2024 (reference PA23/06726), this property is poised for development within specified timelines. Interested parties can refer to Cornwall Council's planning portal for detailed documents related to the approved plans. Notably, there are conditions attached to ensure that any necessary environmental assessments are completed before work commences. The site also features practical amenities such as mains electricity and water connections; a sewage treatment plant has been installed but is not yet operational. A shipping container provides additional storage space during renovation efforts. Investors or buyers looking for a project that combines historical charm with modern upgrades will find this property particularly appealing given its scope for redevelopment and strategic location within a thriving community.

Investment Analysis

(TR16 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£284
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by +7.7% over the last 12 months
3 year growth: -15.0%
5 year growth: 15.2%
Investment Disclaimer: Analysis based on TR16 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

Whitehall, Scorrier
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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
£916
Based on a loan of £187,500 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