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Riversdale, WADEBRIDGE, Cornwall, PL27

South West

£175,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
598 sqft

Description

This mid-terraced cottage, featuring two bedrooms, is situated in the charming town of Wadebridge. It presents a promising opportunity for first-time buyers or investors looking to capitalize on its renovation potential. With a traditional Cornish design, the property retains period characteristics that can be enhanced through modern updates. The inviting living room is bathed in natural light, creating a warm and welcoming ambiance. A feature fireplace serves as a focal point, providing both character and comfort. The kitchen, while currently in need of modernization, offers ample space for new cabinetry and appliances, allowing you to create a functional area tailored to your preferences. Accessible from the kitchen is a small rear yard or garden space, ideal for outdoor seating or gardening projects. Downstairs also includes a family bathroom that provides essential amenities and has the potential for upgrades. Venturing upstairs reveals two spacious bedrooms, each filled with light and offering good storage opportunities—perfect for personalization and improvement. The external features include a compact garden or courtyard area at the back of the property, suitable for enjoying some fresh air or cultivating a few plants. Wadebridge itself is a highly desirable market town known for its mix of rural charm and accessibility to beautiful beaches like Polzeath, Rock, and Daymer Bay. The town center is within easy walking distance and offers an appealing selection of independent shops, cafes, and essential services. Additionally, excellent transport links are available nearby, including access to the A39 highway. This property stands out as an exciting prospect for those willing to invest time into renovations or improvements—ideal for anyone seeking a project in a sought-after location with great long-term potential.

Investment Analysis

(PL27 area)

Below Market Value

This property is priced -26.0% below area average per sq ft

-26.0%
Potential saving
This Property
£293/sq ft
Area Average
£396/sq ft
Avg Rent (weekly)
£268
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£17,500 - £43,750
10-25% of property value
Target Value
£260,259
10% above area average per sq ft
Potential ROI
+19.0%
After renovation
Monthly Sales
9
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PL27)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 1.5%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on PL27 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

Riversdale, WADEBRIDGE, Cornwall, PL27
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