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Mellanear Road, Hayle

South West

£380,000
Listed on 28/04/2026

Property Details

Bedrooms
4
Type
Detached Bungalow
Area
1178 sqft

Description

This detached three-bedroom bungalow is set on a generous plot on the outskirts of Hayle, featuring separate self-contained annexe accommodation. While the property currently requires some general updating, it offers a significant opportunity for investors or homeowners looking to customize their living space. The main bungalow includes three bedrooms, a spacious lounge, a dedicated dining room, kitchen, bathroom, and cloakroom, which can be reimagined to enhance family living. Beyond the customary updates, potential exists to transform the annexe into a fully functional guest suite or rental space—subject to the appropriate approvals—thanks to its own access and versatile layout with an open-plan living area and private outdoor space. Established gardens surround the property, providing ample outdoor enjoyment and further potential for landscaping improvements. Additional features include driveway parking for multiple vehicles and a garage, all within close proximity to local amenities and beautiful coastal areas ideal for leisure activities.

Investment Analysis

(TR27 area)

Below Market Value

This property is priced -5.2% below area average per sq ft

-5.2%
Potential saving
This Property
£323/sq ft
Area Average
£340/sq ft
Avg Rent (weekly)
£271
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£440,961
10% above area average per sq ft
Potential ROI
+3.8%
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
6%
Properties sold annually

Local Market Trend (TR27)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -1.4%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on TR27 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

Mellanear Road, Hayle
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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
£1,346
Based on a loan of £285,000 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.

Stamp Duty Calculator

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