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Carnkief, Goonhavern, Truro

South West

£707,500
Listed on 25/03/2026

Property Details

Bedrooms
5
Type
Bungalow
Area
1606 sqft

Description

This detached bungalow presents a unique opportunity for renovation and investment, featuring a self-contained annexe set within approximately two-thirds of an acre of mature gardens. Located in the tranquil hamlet of Carnkief, near Goonhavern, this property comprises two interconnected yet independent dwellings, totaling around 1,606 sq ft. It offers up to five bedrooms, two kitchens, three reception rooms, and two shower rooms, making it highly adaptable to various living arrangements. The current layout allows for multiple configurations: it can function as dual residences for extended family or generate rental income through holiday letting. Alternatively, with appropriate planning consents, it could be transformed into one large family home. The extensive grounds not only provide space for outdoor enjoyment but also present potential for further development or extensions. With the property being in the same ownership since its original construction in 1964, it is in habitable condition but offers a blank canvas for those looking to apply their vision to modernize or enhance its existing structure. This is a rare find that balances peaceful rural living with significant investment potential. The gardens are a highlight, offering expansive lawns bordered by mature trees and shrubs that create a private retreat. Additionally, outbuildings and a greenhouse on-site add further utility to the land while enhancing overall value. Given its location close to local amenities in Goonhavern and accessibility to Truro and nearby beaches, this property is well-placed for both personal use and investment opportunities.

Investment Analysis

(TR4 area)

Above Market Value

This property is priced +25.6% above area average per sq ft

+25.6%
This Property
£441/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£262
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£619,723
10% above area average per sq ft
Potential ROI
-22.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (TR4)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -8.0%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on TR4 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

Carnkief, Goonhavern, 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
£2,552
Based on a loan of £530,625 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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