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West Portholland, Portloe, Truro

South West

£795,000
Listed on 25/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
3262 sqft

Description

This property, steeped in history as an original water mill dating back to the 1600s, presents a rare opportunity for renovation enthusiasts. Nestled on approximately 1.5 acres in the tranquil Roseland Peninsula, it combines a main house with a separate cottage and stables, offering immense potential for transformation. The layout is highly adaptable; currently featuring four bedrooms, two sitting rooms, a kitchen with an Aga, dining room, utility space, study, garden room, and conservatory. With minor reconfiguration, additional bedrooms or even an independent living unit for guests or family members could be created. While significant improvements have already been made during the current owner's tenure, there remains scope for modernisation throughout the property. The gardens are expansive and well-established with mature shrubs and flowers alongside practical spaces like a vegetable garden and various outbuildings including a detached garage. Located near the stunning coastlines of East and West Portholland — recently designated as a National Heritage Asset — this charming setting also benefits from complete privacy and beautiful natural surroundings. An internal viewing will reveal not only its character but also its potential as both a personal residence and investment opportunity.

Investment Analysis

(TR2 area)

Below Market Value

This property is priced -36.0% below area average per sq ft

-36.0%
Potential saving
This Property
£244/sq ft
Area Average
£381/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £125,000
Target Value
£1,366,028
10% above area average per sq ft
Potential ROI
+48.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (TR2)

Area prices are falling by -9.9% over the last 12 months
3 year growth: -4.9%
5 year growth: -4.0%
Investment Disclaimer: Analysis based on TR2 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

West Portholland, Portloe, Truro
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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
£2,867
Based on a loan of £596,250 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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