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Old Smithy Cottage, Mawgan Porth, TR8 - Image 8
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Old Smithy Cottage, Mawgan Porth, TR8

South West

£650,000
Listed on 02/05/2026

Property Details

Bedrooms
3
Type
House
Area
1233 sqft

Description

Nestled in a charming coastal hamlet overlooking the stunning Mawgan Porth beach, Old Smithy Cottage is a three-bedroom detached property brimming with unique character and potential. This home features an inviting entrance porch with a slate floor, a fitted kitchen equipped with freestanding appliances, and a warm lounge area complete with a wood-burning stove, deep window sills, and exposed beams. Additionally, there’s a conservatory lined with built-in bookshelves and a spacious family bathroom featuring both a panelled bath and shower enclosure. The first floor offers three double bedrooms, each providing glimpses of the sea, alongside a practical shower room. The exterior boasts a generous enclosed garden with well-established greenery, a pond, and a south-facing patio bordered by Cornish stone walls and mature hedges. A detached double garage complements the property along with ample parking space for multiple vehicles. Of particular interest is the existing detailed planning permission for constructing a new self/custom build dwelling alongside plans to convert the current garage into flexible space such as a gym or storage area (Planning number PA24/09761). Although some modernization is necessary to realize its full potential, Old Smithy Cottage stands as an attractive investment opportunity in one of North Cornwall's most desirable locations. The surrounding area offers access to breathtaking coastal walks and vibrant local amenities including award-winning dining options at nearby hotels. With easy transport links, including proximity to Newquay Airport and mainline train services to London Paddington within reach, this property represents both lifestyle appeal and renovation potential.

Investment Analysis

(TR8 area)

Above Market Value

This property is priced +44.6% above area average per sq ft

+44.6%
This Property
£527/sq ft
Area Average
£365/sq ft
Avg Rent (weekly)
£321
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£494,371
10% above area average per sq ft
Potential ROI
-30.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (TR8)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -11.1%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on TR8 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

Old Smithy Cottage, Mawgan Porth, TR8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,319
Based on a loan of £487,500 over 30 years at 3.97% 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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