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Lelant Downs, Hayle

South West

£350,000
Listed on 21/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow, set on a generous 1.70 acres at the edge of the Penwith Peninsula, presents a substantial renovation opportunity for those looking to develop a rural retreat. With a two-bedroom layout and a range of accompanying outbuildings, the property is primed for modernisation. While currently in need of comprehensive refurbishment, it boasts an appealing location between St Ives and Penzance without the complications associated with mundic block, as confirmed by testing. The property includes outline planning permission for two additional residential dwellings within the grounds, enabling further investment potential. Additionally, there is an option to acquire an adjacent timber chalet that also requires renovation or redevelopment, along with its own sizable garden area. Mains services are connected but will likely need updating or replacement depending on the renovation plans. Given this unique combination of land and building potential in a sought-after area, this property should attract keen interest from investors and those looking to create their ideal home.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Lelant Downs, Hayle
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