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Greenfield Terrace, Portreath, TR16

South West

£135,000
Listed on 25/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
452 sqft

Description

This two-bedroom apartment, situated on the top floor, presents a solid opportunity for renovation. Although it requires modernization, its proximity to Portreath beach enhances its appeal as a potential holiday home or investment property. Currently, the apartment features a carpeted lounge equipped with an electric heater and spotlights, alongside a functional kitchen that includes essential appliances such as an electric oven and freestanding fridge/freezer. A utility cupboard conveniently houses a washing machine and hot water tank. Both bedrooms are adequately sized for double beds and offer carpeting, while the bathroom contains basic amenities including a bath with an electric shower. Notably, the property benefits from double glazing and an allocated parking space. Key utilities include mains electricity, water, and sewerage; high-speed broadband is available in this area. The leasehold spans nearly 69 years remaining with manageable ground rent and service charges. This property holds great potential for those willing to invest in updates to enhance living standards or boost rental returns.

Investment Analysis

(TR16 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£299/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£158,855
10% above area average per sq ft
Potential ROI
-0.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR16)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -9.7%
5 year growth: +17.6%
Investment Disclaimer: Analysis based on TR16 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

Greenfield Terrace, Portreath, TR16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,250 over 30 years at 3.91% 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.

Price History

-15.6% since listed
£135,000£24,950(-15.6%)
08/04/2026
Current price
£159,950Initial listing
27/02/2026

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