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Menherion, Stithians, TR16

South West

£150,000
Listed on 30/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached building plot offers an excellent investment opportunity in a tranquil rural setting near Stithians Reservoir. With full planning permission already secured for a three-bedroom detached home, including an en suite in the main bedroom and an open-plan kitchen dining area, this property is primed for development. The spacious living room and additional ground floor cloakroom add to the home's potential for comfortable living. Situated in the peaceful hamlet of Menherion, surrounded by nature yet conveniently close to local amenities, this site provides a perfect backdrop for your custom-built residence. The plot benefits from a southerly aspect, ensuring ample natural light fills the future home. Access is via a small side lane serving only a few properties, enhancing privacy and tranquility away from the bustle of main roads. Recent site preparation has included some clearing and access improvements, setting you up for a smoother building process. Additionally, prospective builders should be mindful of the Community Infrastructure Levy (CIL) payment of £13,591.55 required upon commencement of development as per Cornwall Council regulations. There are exemptions available for self-build projects—details can be found on government resources. Given the rarity of such opportunities combined with its enviable location near recreational facilities like watersports at the reservoir and local pubs, early expressions of interest are recommended.

Investment Analysis

(TR16 area)
Area Average
£317/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £100,000
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

Menherion, Stithians, TR16
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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
£541
Based on a loan of £112,500 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.

Next Steps

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