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Mylor Bridge

South West

£395,000
Listed on 08/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
926 sqft

Description

This detached bungalow offers a unique opportunity for renovation on a generous plot, complete with open views in the heart of Mylor Bridge. While the property is in need of comprehensive updating, its competitive pricing presents an attractive chance for buyers looking to invest in a home and enhance its value. The location is one of the key advantages of this property. Situated in a quiet close called Penoweth, it’s just a short stroll from the village’s diverse amenities. Residents can enjoy convenient access to a sub-post office, butchers, community hall, public house, café, general stores, healthcare facilities, and educational options—all within walking distance. The proximity to Mylor Creek further enhances the appeal of the area, known for its scenic beauty and outdoor activities. For those interested in sailing or water sports, the Mylor Peninsula provides excellent access to the Fal Estuary's sailing waters. Numerous sailing clubs are nearby, making it an ideal location for enthusiasts. The surrounding countryside offers a network of rural and creekside walks that invite exploration and relaxation. The interior layout includes three bedrooms and living spaces that could be transformed into functional rooms tailored to your needs. The entrance lobby leads into a hallway with access to various rooms including a spacious living room featuring multiple windows that allow ample natural light. The kitchen presents an opportunity to create an open-plan area ideal for modern living. Each bedroom has potential for personalization—whether redesigned as cozy retreats or converted into home offices or guest rooms. The bathroom and WC are also ripe for modernization. Outside, the property boasts extensive gardens framed by mature hedges and trees that provide privacy while allowing potential landscaping opportunities. A single garage adds further practicality. With no onward chain, this bungalow represents not simply a home but an investment project set against one of Cornwall’s most desirable backdrops. This property's charm lies not only in its existing features but also in its potential—an inspiring canvas awaiting transformation by innovative buyers. Early inquiries are encouraged to seize this opportunity before it’s gone.

Investment Analysis

(TR11 area)

Above Market Value

This property is priced +6.5% above area average per sq ft

+6.5%
This Property
£427/sq ft
Area Average
£401/sq ft
Avg Rent (weekly)
£517
Avg Yield
6.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£408,000
10% above area average per sq ft
Potential ROI
-20.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TR11)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.0%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on TR11 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

Mylor Bridge
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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
£1,447
Based on a loan of £296,250 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