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St. Matthews Hill, Wadebridge, Cornwall

South West

£400,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1697 sqft

Description

This detached bungalow features three bedrooms and is situated on a generous corner plot in a desirable residential area of Wadebridge, making it an appealing canvas for renovation enthusiasts or investors looking to enhance value through modernization. Upon entry, the wide hallway provides a welcoming introduction to the property. To the left, there’s a practical downstairs WC and convenient access to a spacious garage, which could potentially be repurposed into additional living space or a studio. On the right, you'll find a dining room that leads to the adjoining kitchen—a space that presents an opportunity for reconfiguration into an open-plan layout that aligns with contemporary family needs. The living area is bright and inviting, characterized by double doors that open up to the garden, promoting natural light flow and connectivity with outdoor spaces. The configuration allows for creative redesigns, whether through expanding current layouts or enhancing outdoor living. The property comprises three well-sized bedrooms, including a principal suite that affords possibilities for built-in wardrobes or even a dressing area. An additional two double bedrooms ensure ample accommodation options. The family bathroom provides scope for updating to modern standards, presenting an ideal project for customization. Outside, the substantial rear garden offers considerable potential for landscaping and creating inviting outdoor areas. Ample off-road parking at the front enhances convenience, with further possibilities to expand upon this feature if desired. This bungalow stands as an excellent investment opportunity in Wadebridge, ready to be transformed into a personalized residence tailored to modern tastes. Its solid structure and prime location make it a valuable proposition for those eager to undertake a refurbishment project.

Investment Analysis

(PL27 area)

Below Market Value

This property is priced -38.3% below area average per sq ft

-38.3%
Potential saving
This Property
£236/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£232
Avg Yield
2.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£713,359
10% above area average per sq ft
Potential ROI
+51.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (PL27)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 1.8%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on PL27 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

St. Matthews Hill, Wadebridge, 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
£1,465
Based on a loan of £300,000 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