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Carnmenellis, Wendron

South West

£1,200,000
Listed on 01/01/2026

Property Details

Bedrooms
6
Type
Detached house
Area
3247 sqft

Description

This historic farmstead, established in the 1700s, offers a unique investment opportunity in a picturesque rural setting. Currently, it generates rental income from two self-contained holiday flats, with significant potential for further development. The property is nestled at the end of a private lane, ensuring peace and seclusion while remaining conveniently close to local amenities and outdoor activities, including Stithians reservoir for water sports and numerous walking trails. The main dwelling features an adaptable layout with 5/6 bedrooms, suitable for multi-generational living or as an income-generating property. A self-contained annexe includes three en-suite bedrooms and could serve as a separate rental unit. The expansive ground floor accommodates flexible living spaces, highlighted by a charming kitchen with an inglenook fireplace and a spacious living area. Additionally, there are converted holiday flats above a separate barn structure that currently provide extra income, alongside considerable scope for redevelopment into larger residential units subject to planning permission. Outbuildings such as stables and barns also present further opportunities for enhancement or conversion. Set within approximately 10 acres of land that includes pasture and woodland, this property is perfect for equestrian enthusiasts or those interested in hobby farming. With mains services connected and air source heating installed, the property is well-equipped but may benefit from modernisation in certain areas to maximise its full potential.

Investment Analysis

(TR16 area)

Above Market Value

This property is priced +16.5% above area average per sq ft

+16.5%
This Property
£370/sq ft
Area Average
£317/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,133,122
10% above area average per sq ft
Potential ROI
-16.1%
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
31%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -6.8% over the last 12 months
3 year growth: -13.7%
5 year growth: +15.4%
Investment Disclaimer: Analysis based on TR16 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

Carnmenellis, Wendron
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,328
Based on a loan of £900,000 over 30 years at 4.06% 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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