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Fore Street, Polruan

South West

£500,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1388 sqft

Description

This charming period cottage offers a remarkable renovation opportunity, perfectly suited for those looking to invest in a property with character and potential. Currently configured as three bedrooms and two bathrooms, the layout includes additional rooms that could be transformed into extra bedrooms, home offices, or creative studios, making it adaptable to various needs. Nestled in the village of Polruan, this property enjoys a prime location along the picturesque east bank of the River Fowey. The local amenities include general stores, tea rooms, public houses, and a well-established boat building yard. The village is conveniently connected to Fowey via a regular ferry service, allowing easy access to a broader range of shops and services. Nature enthusiasts will appreciate the surrounding coastline and countryside, much of which is under the stewardship of the National Trust. Excellent road links to the A38/A30 provide convenient access to major transport routes and nearby railway stations offer regular services to London Paddington. Beech Cottage is situated about halfway up Polruan's main thoroughfare, benefiting from a quieter setting while remaining close to essential amenities. Built around 1700, this traditional stone cottage exudes character, inviting its next owners to restore its historic charm while modernizing its features. Upon entering, you are welcomed by a generous hallway with ample storage space. The living room boasts an inviting stone fireplace, while the adjoining dining room retains its original flagstone flooring and features a wood burner set within a rustic brick surround. A practical utility room is accessible from the dining area. The cottage flows seamlessly towards the kitchen area with an under-stairs larder and direct access to the rear garden. Notably, there’s also a versatile back room that offers significant potential for repurposing. On the first floor, you'll find three spacious bedrooms; one captures lovely views toward the water. Additionally, there's a sizable bathroom/dressing area featuring both bath facilities and separate shower accommodations—offering flexibility for modern living. A generously sized 'Garden Room' provides further possibilities for reconfiguration; currently accessed from outside but ideally positioned for integration with indoor spaces. The outdoor areas include a patio just off the kitchen that leads up to an elevated garden complete with greenhouse and oil tank storage. This space showcases ample light and offers great possibilities for enhancement or expansion. Moreover, this property boasts rare off-street parking capable of accommodating two vehicles alongside an attached garage—features that add significant value in this popular village setting. The property benefits from oil central heating and is offered freehold without any onward

Investment Analysis

(PL23 area)

Below Market Value

This property is priced -15.8% below area average per sq ft

-15.8%
Potential saving
This Property
£360/sq ft
Area Average
£428/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£653,318
10% above area average per sq ft
Potential ROI
+10.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (PL23)

Area prices are rising by +15.0% over the last 12 months
3 year growth: -9.0%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on PL23 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

Fore Street, Polruan
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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
£1,832
Based on a loan of £375,000 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