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BUNGALOW & PLOT, Church Lane, PL12

South West

£230,000
Listed on 23/03/2026

Property Details

Bedrooms
2
Type
Plot

Description

This property presents a remarkable opportunity for development, featuring a detached bungalow that requires refurbishment and comes with approved planning permissions. The existing structure consists of two bedrooms, a kitchen, living room, conservatory, and shower room, along with an attached garage. Notably, the plans include an approved loft conversion to add two more bedrooms and an additional shower room. Furthermore, outline planning permission allows for the construction of a separate one-bedroom dwelling in the garden area to the southwest, providing significant potential for expansion or rental income. Set on approximately 0.12 acres in the tranquil village of Cargreen, the property benefits from its scenic location alongside the River Tamar, offering potential views towards this picturesque waterway. Cargreen is renowned for its peaceful atmosphere while being conveniently close to Plymouth and Saltash for amenities and transport links. This refurbishment project not only enhances the current living space but also taps into local demand for residential development in a desirable area.

Investment Analysis

(PL12 area)
Area Average
£288/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (PL12)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +2.1%
5 year growth: +22.2%
Investment Disclaimer: Analysis based on PL12 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

BUNGALOW & PLOT, Church Lane, PL12
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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
£830
Based on a loan of £172,500 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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