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Portmellon

South West

£750,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
2094 sqft

Description

This detached modern home offers a unique opportunity for renovation and investment, featuring stunning views of the sea and coastline. Nestled in a tranquil setting, the property is conveniently located within walking distance to local beaches and coastal pathways, making it an appealing choice for both residential living and potential rental income. Currently configured with two spacious double bedrooms, the layout includes a sitting/dining room, kitchen/breakfast area, shower room, and cloakroom. Notably, planning permission has been granted to expand the property by adding a third bedroom and an additional reception room. This extension could significantly enhance both living space and value, taking full advantage of the panoramic views that this location affords. The reverse-level design optimizes the property’s elevation, placing the main living areas on the upper floor where large windows flood the space with natural light. The kitchen features recent updates with plenty of opportunity for further customization to suit personal tastes. The adjoining sitting/dining room opens onto a balcony that overlooks mature gardens and offers breathtaking coastal vistas. The outdoor space is equally impressive; beautifully landscaped grounds include sub-tropical gardens with established shrubs and a productive vegetable patch. There are ample seating areas designed to make the most of the sun-drenched south-facing aspect. A substantial driveway accommodates multiple vehicles as well as alternative parking for boats or motorhomes. An expansive double garage/workshop provides practical storage solutions, while an additional timber studio at the rear presents excellent potential for conversion into a holiday let or workspace (subject to permissions), adding further value to this already attractive investment opportunity. Located in Portmellon between Mevagissey and Gorran Haven, this property enjoys proximity to essential amenities including schools, shops, pubs, and restaurants. Additionally, scenic coastal footpaths lead into some of Cornwall's most beautiful countryside. This residence combines comfort with significant potential for expansion and personalized development in an enviable location—an ideal choice for those looking not only for a home but also for an investment that can grow over time.

Investment Analysis

(PL26 area)

Above Market Value

This property is priced +22.8% above area average per sq ft

+22.8%
This Property
£358/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£75,000 - £187,500
10-25% of property value
Target Value
£671,787
10% above area average per sq ft
Potential ROI
-28.3%
After renovation
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 1.0%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on PL26 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

Portmellon
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