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Millbrook, Torpoint

South West

£525,000
Listed on 09/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
2116 sqft

Description

Nestled in the picturesque village of Millbrook on the Rame Peninsula, this detached three-bedroom bungalow presents a prime opportunity for those looking to invest in renovation. Set on a generous plot with expansive gardens and elevated views, the property boasts significant potential for modernization and extension, pending planning permissions. With a substantial internal space of 2,116 square feet (196.6 square metres), it includes a front porch, hallway, utility room, kitchen, lounge, conservatory, and three bedrooms. The surrounding land offers an additional 6 acres suitable for various uses such as gardening or leisure activities. The existing structure features a double garage that could be transformed to meet your needs, creating further enhancement opportunities. While living spaces require updating—such as improving heating systems and refurbishing kitchens and bathrooms—the solid construction provides a sound foundation to create a contemporary home reflecting your style. Additionally, local amenities are within reach and the stunning natural beauty of the Cornwall area is just moments away. This property not only invites personal touches but also embodies the essence of investment potential in one of England's most sought-after regions.

Investment Analysis

(PL10 area)

Below Market Value

This property is priced -25.3% below area average per sq ft

-25.3%
Potential saving
This Property
£248/sq ft
Area Average
£332/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£772,763
10% above area average per sq ft
Potential ROI
+25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PL10)

Area prices are falling by +14.6% over the last 12 months
3 year growth: -15.3%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on PL10 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

Millbrook, Torpoint
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,923
Based on a loan of £393,750 over 30 years at 4.19% 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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