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Tregoney Hill, Mevagissey, St. Austell, Cornwall

South West

£485,000
Listed on 07/05/2026

Property Details

Bedrooms
3
Type
Bungalow

Description

This substantial detached bungalow, set within approximately four acres on the outskirts of Mevagissey, presents a promising opportunity for renovation and investment. The property features three generous double bedrooms and an expansive open-plan kitchen-living-dining area that boasts stunning rural views. While the bungalow is well-presented, there is considerable potential to enhance the living space further. A spacious utility room greets you upon entry, leading into a kitchen equipped with fitted units and appliances, providing a solid foundation for modernisation. Notably, the Aga acts as a charming focal point between the kitchen and living area. The impressive living space is enhanced by a large bay window that captures panoramic views of the countryside, complemented by a wood-burning stove for added warmth. The three double bedrooms offer ample accommodation; however, they could benefit from an update to suit contemporary tastes. The family bathroom comes with both bath and shower facilities, yet updating these amenities could significantly increase the property's appeal. Outside, the gently sloping land provides excellent scope for further development or outdoor enhancements. With two barns—a timber barn ideal for vehicle storage and workshop space and a stone-built barn that offers versatility—it’s possible to create additional functional areas or even expand existing structures (subject to planning permissions). The hardstanding parking area accommodates multiple vehicles, while access from the B3273 enhances convenience without navigating through Mevagissey itself. The potential for redevelopment is significant here; this property offers a unique chance to transform into either a primary residence or investment rental in a sought-after South West location.

Investment Analysis

(PL26 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.8%

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
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PL26)

Area prices are rising by +7.1% over the last 12 months
3 year growth: +0.6%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on PL26 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

Tregoney Hill, Mevagissey, St. Austell, Cornwall
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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
£1,730
Based on a loan of £363,750 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.

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