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Chiverton Cross, Blackwater

South West

£265,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1522 sqft

Description

This detached bungalow, a period property built around 1919 and in the same family hands for over seven decades, stands as a significant opportunity for renovation and development. Nestled on a sizable plot in central Cornwall, the property offers off-road parking, a double garage, and workshop facilities, alongside gardens that frame the home. With its historical roots linked to local enterprises at Chiverton Cross, Collingwood retains potential not only for modern residential living but also for commercial redevelopment, pending appropriate permissions. While well-maintained through the years, the property is now ready for an ambitious refurbishment project that will bring it into the modern era. The current layout features a porch, entrance hall, three bedrooms, separate sitting and dining rooms, a kitchen, and a shower room—plenty of space to reconfigure or enhance according to contemporary standards. The surrounding area boasts strong transport links to Truro, Redruth, and access to stunning local beaches like St Agnes and Perranporth. This combination of location and potential makes this bungalow an intriguing prospect for those looking to invest in property with both character and possibilities for growth.

Investment Analysis

(TR4 area)

Below Market Value

This property is priced -50.4% below area average per sq ft

-50.4%
Potential saving
This Property
£174/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£262
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£587,309
10% above area average per sq ft
Potential ROI
+60.9%
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

Chiverton Cross, Blackwater
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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
£956
Based on a loan of £198,750 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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