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Mellanear Close, Hayle, Cornwall - Image 1
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Mellanear Close, Hayle, Cornwall

South West

£200,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached bungalow, located in the sought-after area of Mellanear Close, offers substantial renovation and investment potential. With a solid foundation and an open layout, this property is primed for modernization to meet contemporary tastes while allowing for personal touches throughout. The entrance hall leads into a spacious open plan kitchen, dining, and lounge area that spans 8.1 meters by 4.1 meters. This versatile space features multiple windows that invite natural light and afford views of the front garden. While currently equipped with essential appliances and fixtures, the kitchen could benefit from updates to enhance functionality and style. Each of the two bedrooms provides a comfortable retreat, with Bedroom One featuring a front-facing window and Bedroom Two benefitting from built-in wardrobes for organized storage. The bathroom includes the necessary amenities but offers room for reconfiguration or upgrades to modern standards. Outside, the property is enveloped by mature gardens that boast both decorative stone chippings at the front and a fully enclosed rear garden with patio space—ideal for outdoor relaxation or entertaining. The garage adds significant appeal for those needing extra storage or workshop space, equipped with light and power supply. Situated in a desirable neighborhood known for its community spirit and accessibility to local amenities, schools, and parks, this bungalow not only promises peaceful living but also represents a sound investment opportunity. Whether you're looking to renovate for resale or seeking a personal project, this property holds exciting possibilities waiting to be realized.

Investment Analysis

(TR27 area)
Area Average
£349/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR27)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -3.9%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on TR27 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.

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Location

Mellanear Close, Hayle, Cornwall
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