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Callington, Cornwall

South West

£365,000
Listed on 04/10/2025

Property Details

Bedrooms
6
Type
Semi-detached house
Area
3122 sqft

Description

This substantial end-of-terrace property in the heart of Callington offers approximately 290 sq. m (3,122 sq. ft.) of flexible space spread across three levels. Currently serving as a dance studio, the layout comprises several large studio areas, changing rooms, reception spaces, and storage facilities, making it an appealing prospect for various uses within the creative arts, fitness sectors, or small business ventures. On the ground floor, a central entrance hall leads to two expansive studios, each equipped with mirrors and designed for professional activities. The ground floor also includes a welcoming reception area and a cloakroom, providing essential conveniences for both patrons and staff. Moving to the first floor, you will find a spacious corridor leading to another large studio that features elegant ceiling detailing and abundant natural light—ideal for any creative endeavor. The second floor contains additional useful spaces including two more rooms that can serve as storage or be repurposed according to future needs. A kitchen/staff area adds practicality to this level along with additional restroom facilities. While the property is in good condition overall and retains attractive period features like cornices and ceiling roses, updating could enhance its appeal further. Importantly, this property is not listed, allowing for greater flexibility in renovation plans or potential development (subject to planning consent). The existing lease runs until March 2027 at £1,918 per month (£23,016 annually), yielding approximately 8.7%. This provides a valuable income stream while you consider updates or alternative uses. Situated on Fore Street with strong visibility and foot traffic, this property benefits from proximity to local shops and amenities as well as schools such as Callington Primary School and Callington Community College. Healthcare options are accessible nearby with Tamar Valley Health Centre in town and Liskeard Community Hospital located just six miles away. Accessible by road from Plymouth city center at about 14 miles away enhances its attractiveness. In summary, this property represents a unique opportunity to secure a prominent location in a growing community with immediate income potential and significant renovation possibilities.

Investment Analysis

(PL17 area)

Below Market Value

This property is priced -58.1% below area average per sq ft

-58.1%
Potential saving
This Property
£117/sq ft
Area Average
£279/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£958,314
10% above area average per sq ft
Potential ROI
+130.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PL17)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 7.0%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on PL17 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

Callington, 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
£1,337
Based on a loan of £273,750 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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