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Michaelstow, Cornwall

South West

£205,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1055 sqft

Description

Set in a serene and secluded location surrounded by beautiful countryside, this property offers significant renovation and investment potential. With ample off-street parking for up to three vehicles, the home features two spacious double bedrooms, including a master with an en suite bathroom, alongside a family bathroom, lounge, and a garden room. Additionally, there are two large loft rooms that could be transformed into additional living space or guest accommodations. Located in the peaceful hamlet of Michaelstow in Cornwall, the property benefits from its proximity to both nature and urban amenities. The charming village atmosphere is complemented by easy access to nearby market towns such as Bodmin, which provides a range of shops and services. Furthermore, the stunning North Cornwall coast, known for its picturesque landscapes and rich culinary scene epitomized by nearby Wadebridge and Padstow, is just a short drive away. Inside the property, the layout includes a front porch leading into an inviting hallway that connects to the main living areas. The bright sitting room features an open stone fireplace with a wood burner, creating a cozy focal point. This space seamlessly transitions into the garden room—ideal for family gatherings or entertaining—with generous windows allowing natural light to flood in. The kitchen provides various wall and base units along with space for modern appliances, ensuring it can be updated easily to meet contemporary standards. The two loft rooms present further opportunities for expansion; their vaulted ceilings and exposed beams add character while also permitting creative alterations. Outdoor spaces include an extensive garden with potential for landscaping or future development; neighboring homes suggest that there may even be possibilities for creating additional residences on site (subject to necessary planning permissions). A summer house adds extra utility as insulated accommodation or workspace. This unique property stands out as an exceptional opportunity for both developers looking to capitalize on its size and location or private buyers seeking an affordable entry into desirable real estate in Cornwall. It offers room for personalization while being closely tied to one of the region's most sought-after lifestyles. Note that due to its non-standard construction, traditional financing options may not apply; however, this consideration further enhances its appeal as a strategic investment opportunity.

Investment Analysis

(PL30 area)

Below Market Value

This property is priced -42.0% below area average per sq ft

-42.0%
Potential saving
This Property
£194/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£251
Avg Yield
2.5%

Renovation Potential

Est. Renovation Cost
£20,500 - £51,250
10-25% of property value
Target Value
£388,477
10% above area average per sq ft
Potential ROI
+51.6%
After renovation
Monthly Sales
6
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL30)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 5.7%
5 year growth: 16.6%
Investment Disclaimer: Analysis based on PL30 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

Michaelstow, Cornwall
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