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Chynance Drive, Newquay

South West

£340,000
Listed on 05/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
872 sqft

Description

This three-bedroom detached bungalow presents a promising renovation opportunity, positioned just a short stroll from Newquay Town Centre. With a single garage and driveway parking for two vehicles, the property is set on a popular residential road that has seen many homes transformed into spacious family accommodations. The south-facing rear garden adds to its appeal, making it perfect for outdoor living. Currently in need of modernization, this bungalow is ideal for those looking to invest in a property that can be tailored to contemporary family life. The layout features an entrance porch leading into a hallway which connects to a lounge/diner that opens into a conservatory, enhancing natural light. Three bedrooms – two doubles and one single – are complemented by a family bathroom and kitchen with an adjoining utility area and shower room. The proximity to local schools, beaches, and amenities further enhances the potential of this residence as it can be remodelled into the ideal home or investment.

Investment Analysis

(TR7 area)

Above Market Value

This property is priced +8.2% above area average per sq ft

+8.2%
This Property
£390/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£271
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£345,600
10% above area average per sq ft
Potential ROI
-11.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (TR7)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -10.5%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on TR7 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

Chynance Drive, Newquay
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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
£1,226
Based on a loan of £255,000 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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